ArcelorMittal (MT) Given a €35.00 Price Target by Cfra Analysts

Cfra set a €35.00 ($41.67) price target on ArcelorMittal (AMS:MT) in a report published on Monday morning. The brokerage currently has a buy rating on the stock.

A number of other brokerages have also commented on MT. Goldman Sachs set a €38.00 ($45.24) price target on ArcelorMittal and gave the company a buy rating in a report on Friday, May 11th. Barclays set a €20.00 ($23.81) price target on ArcelorMittal and gave the company a sell rating in a report on Tuesday, January 23rd. JPMorgan Chase set a €36.50 ($43.45) price target on ArcelorMittal and gave the company a buy rating in a report on Friday, May 11th. Morgan Stanley set a €32.00 ($38.10) price target on ArcelorMittal and gave the company a buy rating in a report on Tuesday, March 20th. Finally, Commerzbank set a €33.00 ($39.29) price target on ArcelorMittal and gave the company a buy rating in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seventeen have issued a buy rating to the company’s stock. ArcelorMittal has an average rating of Buy and a consensus price target of €32.96 ($39.24).

Shares of ArcelorMittal opened at €26.65 ($31.73) on Monday, according to MarketBeat Ratings. ArcelorMittal has a one year low of €17.72 ($21.10) and a one year high of €30.76 ($36.62).

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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