ArcelorMittal (MT) PT Set at €32.20 by Societe Generale

ArcelorMittal (AMS:MT) received a €32.20 ($37.44) price target from equities research analysts at Societe Generale in a research report issued to clients and investors on Friday. The brokerage currently has a “buy” rating on the stock. Societe Generale’s price target would indicate a potential upside of 36.09% from the stock’s previous close.

MT has been the topic of a number of other reports. Barclays PLC set a €17.00 ($19.77) price objective on ArcelorMittal and gave the company a “sell” rating in a research note on Monday, November 13th. Credit Suisse Group set a €37.00 ($43.02) price objective on ArcelorMittal and gave the company a “buy” rating in a research note on Wednesday, October 11th. Goldman Sachs Group, Inc. (The) set a €27.00 ($31.40) price objective on ArcelorMittal and gave the company a “buy” rating in a research note on Wednesday, October 18th. Morgan Stanley set a €26.50 ($30.81) price target on ArcelorMittal and gave the stock a “buy” rating in a research report on Tuesday, September 26th. Finally, UBS AG set a €30.00 ($34.88) price target on ArcelorMittal and gave the stock a “buy” rating in a research report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of €28.09 ($32.66).

ArcelorMittal (AMS MT) opened at €23.66 ($27.51) on Friday. ArcelorMittal has a one year low of €17.72 ($20.60) and a one year high of €25.91 ($30.13).

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About ArcelorMittal

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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