ArcelorMittal (MT) PT Set at €27.60 by Morgan Stanley
ArcelorMittal (AMS:MT) received a €27.60 ($32.47) price objective from Morgan Stanley in a research note issued on Tuesday. The firm currently has a “buy” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 11.52% from the company’s current price.
Other analysts also recently issued research reports about the stock. Jefferies Group LLC set a €32.00 ($37.65) price objective on shares of ArcelorMittal and gave the company a “buy” rating in a report on Monday, November 13th. Citigroup Inc. set a €30.00 ($35.29) price objective on shares of ArcelorMittal and gave the company a “buy” rating in a report on Monday, November 13th. Royal Bank Of Canada set a €32.00 ($37.65) price target on shares of ArcelorMittal and gave the stock a “buy” rating in a report on Tuesday, August 15th. S&P Global set a €27.00 ($31.76) price target on shares of ArcelorMittal and gave the stock a “neutral” rating in a report on Monday, November 13th. Finally, Deutsche Bank AG set a €33.00 ($38.82) price target on shares of ArcelorMittal and gave the stock a “buy” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of €28.16 ($33.13).
Shares of ArcelorMittal (AMS MT) opened at €24.75 ($29.12) on Tuesday. ArcelorMittal has a twelve month low of €17.72 ($20.85) and a twelve month high of €25.91 ($30.48).
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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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