ArcelorMittal (AMS:MT) has been given a €36.00 ($42.86) target price by equities research analysts at Deutsche Bank in a report released on Friday. The firm currently has a “buy” rating on the stock. Deutsche Bank’s target price suggests a potential upside of 17.57% from the company’s current price.

Several other research analysts have also weighed in on the stock. Citigroup set a €36.00 ($42.86) price objective on shares of ArcelorMittal and gave the stock a “buy” rating in a research note on Tuesday. Goldman Sachs Group set a €29.50 ($35.12) price objective on shares of ArcelorMittal and gave the stock a “buy” rating in a research note on Tuesday. Kepler Capital Markets set a €36.00 ($42.86) price objective on shares of ArcelorMittal and gave the stock a “buy” rating in a research note on Friday, December 1st. Morgan Stanley set a €27.60 ($32.86) price objective on shares of ArcelorMittal and gave the stock a “buy” rating in a research note on Tuesday, November 21st. Finally, Societe Generale set a €32.20 ($38.33) price objective on shares of ArcelorMittal and gave the stock a “buy” rating in a research note on Friday, November 17th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of €29.29 ($34.87).

ArcelorMittal (MT) opened at €30.62 ($36.45) on Friday. ArcelorMittal has a one year low of €17.72 ($21.10) and a one year high of €30.76 ($36.62). The firm has a market cap of $31,070.00 and a P/E ratio of 9.57.

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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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