Goldman Sachs Group Reiterates “€29.50” Price Target for ArcelorMittal (MT)

Goldman Sachs Group set a €29.50 ($35.12) price objective on ArcelorMittal (AMS:MT) in a research report sent to investors on Thursday morning. The brokerage currently has a buy rating on the stock.

Several other analysts also recently weighed in on the company. Credit Suisse Group set a €37.00 ($44.05) target price on ArcelorMittal and gave the company a buy rating in a report on Wednesday, October 11th. Societe Generale set a €32.20 ($38.33) target price on ArcelorMittal and gave the company a buy rating in a report on Friday, November 17th. UBS set a €30.00 ($35.71) target price on ArcelorMittal and gave the company a buy rating in a report on Friday, October 20th. Barclays set a €17.00 ($20.24) target price on ArcelorMittal and gave the company a sell rating in a report on Monday, November 13th. Finally, Deutsche Bank set a €31.00 ($36.90) price objective on ArcelorMittal and gave the company a buy rating in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of €28.69 ($34.15).

Shares of ArcelorMittal (MT) opened at €25.51 ($30.37) on Thursday. ArcelorMittal has a fifty-two week low of €17.72 ($21.10) and a fifty-two week high of €26.00 ($30.95).

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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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