Citigroup Inc. set a €30.00 ($34.88) price target on ArcelorMittal (AMS:MT) in a research note published on Monday. The brokerage currently has a buy rating on the stock.

Several other research firms also recently weighed in on MT. UBS AG set a €30.00 ($34.88) price target on shares of ArcelorMittal and gave the stock a buy rating in a research note on Friday. Barclays PLC set a €17.00 ($19.77) price target on shares of ArcelorMittal and gave the stock a sell rating in a research note on Monday. Deutsche Bank AG set a €31.00 ($36.05) price target on shares of ArcelorMittal and gave the stock a buy rating in a research note on Wednesday, November 1st. Goldman Sachs Group, Inc. (The) set a €29.50 ($34.30) price objective on shares of ArcelorMittal and gave the company a buy rating in a research report on Wednesday, October 25th. Finally, Credit Suisse Group set a €37.00 ($43.02) price objective on shares of ArcelorMittal and gave the company a buy rating in a research report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of €26.53 ($30.85).

ArcelorMittal (AMS MT) traded down €1.25 ($1.45) during trading on Monday, reaching €23.59 ($27.43). 8,720,000 shares of the company’s stock traded hands, compared to its average volume of 6,470,000. ArcelorMittal has a 1-year low of €17.72 ($20.60) and a 1-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.

Analyst Recommendations for ArcelorMittal (AMS:MT)

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