Analysts Set ArcelorMittal SA (MT) PT at $31.06

ArcelorMittal SA (AMS:MT) has earned a consensus recommendation of “Buy” from the fifteen analysts that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is €31.06 ($36.12).

MT has been the topic of several analyst reports. Kepler Capital Markets set a €30.00 ($34.88) price target on shares of ArcelorMittal and gave the stock a “buy” rating in a research report on Friday, March 15th. Goldman Sachs Group set a €20.50 ($23.84) price target on shares of ArcelorMittal and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Jefferies Financial Group set a €30.00 ($34.88) price target on shares of ArcelorMittal and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. set a €23.00 ($26.74) price target on shares of ArcelorMittal and gave the stock a “buy” rating in a research report on Thursday, April 25th. Finally, Oddo Bhf set a €26.00 ($30.23) price target on shares of ArcelorMittal and gave the stock a “buy” rating in a research report on Wednesday, January 23rd.

ArcelorMittal has a 52-week low of €17.72 ($20.60) and a 52-week high of €30.76 ($35.77).

About ArcelorMittal

ArcelorMittal, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia, and Africa. It operates through NAFTA, Brazil, Europe, ACIS, and Mining segments. The company produces finished and semi-finished steel products with various specifications.

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Analyst Recommendations for ArcelorMittal (AMS:MT)

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