JPMorgan Chase & Co. set a €22.50 ($26.16) price objective on ArcelorMittal (AMS:MT) in a research report report published on Thursday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

Several other equities research analysts have also recently weighed in on MT. Jefferies Financial Group set a €24.00 ($27.91) price objective on shares of ArcelorMittal and gave the company a buy rating in a research report on Wednesday, July 17th. Deutsche Bank set a €19.00 ($22.09) target price on ArcelorMittal and gave the company a buy rating in a report on Thursday, September 5th. Kepler Capital Markets set a €23.00 ($26.74) target price on ArcelorMittal and gave the company a buy rating in a report on Wednesday, June 5th. UBS Group set a €16.00 ($18.60) target price on ArcelorMittal and gave the company a neutral rating in a report on Monday, August 5th. Finally, Morgan Stanley set a €23.00 ($26.74) target price on ArcelorMittal and gave the company a buy rating in a report on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of €23.18 ($26.96).

ArcelorMittal has a 1 year low of €17.72 ($20.60) and a 1 year high of €30.76 ($35.77).

About ArcelorMittal

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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Analyst Recommendations for ArcelorMittal (AMS:MT)

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