ArcelorMittal (AMS:MT) has been assigned a €36.00 ($42.86) price objective by equities research analysts at Kepler Capital Markets in a research report issued on Friday. The brokerage presently has a “buy” rating on the stock. Kepler Capital Markets’ price target indicates a potential upside of 41.51% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Jefferies Group set a €32.00 ($38.10) price objective on shares of ArcelorMittal and gave the company a “buy” rating in a research report on Monday, November 13th. Barclays set a €17.00 ($20.24) price target on shares of ArcelorMittal and gave the stock a “sell” rating in a research report on Monday, November 13th. Deutsche Bank set a €31.00 ($36.90) price target on shares of ArcelorMittal and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Citigroup set a €30.00 ($35.71) price target on shares of ArcelorMittal and gave the company a “buy” rating in a research note on Thursday, September 28th. Finally, Morgan Stanley set a €26.50 ($31.55) target price on shares of ArcelorMittal and gave the stock a “buy” rating in a research report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of €28.69 ($34.15).

Shares of ArcelorMittal (AMS:MT) opened at €25.67 ($30.56) on Friday. ArcelorMittal has a fifty-two week low of €17.72 ($21.10) and a fifty-two week high of €25.94 ($30.88).

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ArcelorMittal 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.

Analyst Recommendations for ArcelorMittal (AMS:MT)

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