ArcelorMittal SA (AMS:MT) has been given a consensus recommendation of “Buy” by the fifteen research firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is €31.06 ($36.12).

Several brokerages have recently weighed in on MT. Deutsche Bank set a €25.00 ($29.07) target price on ArcelorMittal and gave the stock a “buy” rating in a report on Friday, May 10th. UBS Group set a €23.00 ($26.74) target price on ArcelorMittal and gave the stock a “neutral” rating in a report on Wednesday, May 15th. JPMorgan Chase & Co. set a €26.50 ($30.81) target price on ArcelorMittal and gave the stock a “buy” rating in a report on Thursday, February 7th. Jefferies Financial Group set a €32.00 ($37.21) target price on ArcelorMittal and gave the stock a “buy” rating in a report on Monday, February 4th. Finally, Goldman Sachs Group set a €22.50 ($26.16) target price on ArcelorMittal and gave the stock a “neutral” rating in a report on Thursday, January 31st.

ArcelorMittal has a twelve month low of €17.72 ($20.60) and a twelve month high of €30.76 ($35.77).

ArcelorMittal Company Profile

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 NAFTA, Brazil, Europe, ACIS, and Mining segments. The company produces finished and semi-finished steel products with various specifications.

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Analyst Recommendations for ArcelorMittal (AMS:MT)

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