ArcelorMittal SA (NYSE:MT,) Receives $5.80 Consensus Price Target from Analysts
ArcelorMittal SA (NYSE:MT,) has been given a consensus recommendation of “Buy” by the nine research firms that are currently covering the firm. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $5.80.
Separately, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of ArcelorMittal SA in a report on Sunday, August 21st.
Shares of ArcelorMittal SA (NYSE:MT,) opened at 6.04 on Friday. ArcelorMittal SA has a 12-month low of $2.93 and a 12-month high of $6.94. The company’s market cap is $18.47 billion. The firm’s 50-day moving average price is $6.03 and its 200 day moving average price is $5.39.
ArcelorMittal SA Company Profile
ArcelorMittal SA (ArcelorMittal) is a holding company. The Company is an integrated steel and mining company. ArcelorMittal operates through five segments: NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining. The NAFTA segment produces flat, long and tubular products.
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