ArcelorMittal Stock Rating Reaffirmed by BNP Paribas (MT)
ArcelorMittal (EPA: MT)‘s stock had its “neutral” rating restated by investment analysts at BNP Paribas in a research report issued to clients and investors on Wednesday. They currently have a $18.83 (€14) price target on the stock.
Several other analysts have also recently commented on the stock. Analysts at Societe Generale reiterated a “buy” rating on shares of ArcelorMittal in a research note to investors on Tuesday, February 5th. They now have a $21.62 price target on the stock. Separately, analysts at reiterated a “neutral” rating on shares of ArcelorMittal in a research note to investors on Thursday, January 31st. They now have a $20.95 price target on the stock. Finally, analysts at HSBC downgraded shares of ArcelorMittal from a “neutral” rating to an “underweight” rating in a research note to investors on Wednesday, January 30th. They now have a $16.22 price target on the stock, down previously from $19.00.
ArcelorMittal traded up 2.08% on Wednesday, hitting €11.55. ArcelorMittal has a 52-week low of €10.595 and a 52-week high of €16.42. The stock’s 50-day moving average is currently €12.0.
ArcelorMittal SA is a Luxembourg-based company involved in the mining and steel industry. In 2011, the Company had crude steel production of 91.
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