Barclays PLC Analysts Give ArcelorMittal SA (MT) a €17.00 Price Target

Barclays PLC set a €17.00 ($20.00) price objective on ArcelorMittal SA (AMS:MT) in a research note released on Tuesday, August 8th. The firm currently has a sell rating on the stock.

A number of other analysts also recently weighed in on MT. UBS AG set a €21.50 ($25.29) price target on shares of ArcelorMittal SA and gave the company a neutral rating in a report on Tuesday, May 23rd. Berenberg Bank set a €11.50 ($13.53) price objective on shares of ArcelorMittal SA and gave the stock a buy rating in a report on Monday, May 29th. Deutsche Bank AG set a €8.00 ($9.41) price objective on shares of ArcelorMittal SA and gave the stock a neutral rating in a report on Saturday, May 20th. S&P Global set a €7.00 ($8.24) price objective on shares of ArcelorMittal SA and gave the stock a neutral rating in a report on Monday, May 29th. Finally, Societe Generale set a €10.40 ($12.24) price objective on shares of ArcelorMittal SA and gave the stock a buy rating in a report on Saturday, May 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. ArcelorMittal SA has an average rating of Buy and an average target price of €18.22 ($21.43).

ArcelorMittal SA (AMS MT) opened at 22.20 on Tuesday. The firm’s 50-day moving average price is €21.72 and its 200 day moving average price is €21.98. ArcelorMittal SA has a 12-month low of €14.62 and a 12-month high of €26.52. The stock has a market cap of €22.64 billion and a PE ratio of 6.99.

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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.

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