Credit Suisse Group set a €37.00 ($43.53) price objective on ArcelorMittal SA (AMS:MT) in a research report sent to investors on Wednesday morning. The brokerage currently has a buy rating on the stock.
A number of other research firms have also recently weighed in on MT. Citigroup Inc. set a €30.00 ($35.29) price objective on shares of ArcelorMittal SA and gave the stock a buy rating in a report on Thursday, September 28th. Morgan Stanley set a €26.50 ($31.18) target price on shares of ArcelorMittal SA and gave the company a buy rating in a research note on Tuesday, September 26th. Royal Bank of Canada set a €32.00 ($37.65) target price on shares of ArcelorMittal SA and gave the company a buy rating in a research note on Tuesday, August 15th. Finally, Barclays PLC set a €17.00 ($20.00) target price on shares of ArcelorMittal SA and gave the company a sell rating in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. ArcelorMittal SA presently has an average rating of Buy and a consensus target price of €20.45 ($24.06).
Shares of ArcelorMittal SA (AMS MT) opened at 24.63 on Wednesday. The stock has a market cap of €25.12 billion and a P/E ratio of 7.75. The stock has a 50 day moving average of €22.39 and a 200 day moving average of €21.40. ArcelorMittal SA has a one year low of €16.46 and a one year high of €26.52.
ArcelorMittal SA Company Profile
ArcelorMittal SA (ArcelorMittal) is a holding company. The Company, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia and Africa. ArcelorMittal operates through five segments, which include NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining.
Receive News & Ratings for ArcelorMittal SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ArcelorMittal SA and related companies with our FREE daily email newsletter.