ArcelorMittal (AMS:MT) Given a €24.00 Price Target at Jefferies Financial Group
Jefferies Financial Group set a €24.00 ($27.91) target price on ArcelorMittal (AMS:MT) in a research report sent to investors on Wednesday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. reiterated a buy rating and issued a $69.00 target price on shares of Daimler in a report on Friday, July 12th. Deutsche Bank lifted their target price on shares of Canadian Pacific Railway from $230.00 to $260.00 and gave the stock a buy rating in a report on Wednesday. Macquarie reiterated a neutral rating on shares of Glencore in a report on Tuesday, July 9th. UBS Group reiterated a hold rating and issued a $130.00 target price on shares of Continental in a report on Wednesday, May 15th. Finally, Goldman Sachs Group assumed coverage on shares of Taylor Wimpey in a report on Wednesday, June 12th. They issued a buy rating on the stock. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of €28.28 ($32.88).
ArcelorMittal has a twelve month low of €17.72 ($20.60) and a twelve month high of €30.76 ($35.77).
ArcelorMittal, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia, and Africa. It operates through five segments: NAFTA, Brazil, Europe, ACIS, and Mining. The company produces finished and semi-finished steel products with various specifications.
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