ArcelorMittal (MT) Receives €28.69 Consensus PT from Brokerages
ArcelorMittal (AMS:MT) has been assigned an average recommendation of “Buy” from the fifteen research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is €28.69 ($34.15).
MT has been the subject of several recent analyst reports. Deutsche Bank set a €33.00 ($39.29) target price on ArcelorMittal and gave the company a “buy” rating in a research report on Wednesday, December 6th. Kepler Capital Markets set a €36.00 ($42.86) target price on ArcelorMittal and gave the company a “buy” rating in a research report on Friday, December 1st. Goldman Sachs Group set a €29.50 ($35.12) target price on ArcelorMittal and gave the company a “buy” rating in a research report on Wednesday, October 25th. 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 Monday, November 13th. Finally, Morgan Stanley set a €27.60 ($32.86) price target on shares of ArcelorMittal and gave the company a “buy” rating in a research note on Tuesday, November 21st.
Shares of ArcelorMittal (AMS MT) traded down €0.26 ($0.31) during trading hours on Tuesday, hitting €28.42 ($33.83). The company’s stock had a trading volume of 5,590,000 shares, compared to its average volume of 5,210,000. ArcelorMittal has a fifty-two week low of €17.72 ($21.10) and a fifty-two week high of €28.66 ($34.12). The stock has a market capitalization of $28,910.00 and a price-to-earnings ratio of 8.91.
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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.
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