ArcelorMittal (MT) Given a €17.00 Price Target by Barclays PLC Analysts

ArcelorMittal (AMS:MT) received a €17.00 ($19.77) target price from analysts at Barclays PLC in a research note issued to investors on Monday. The firm currently has a “sell” rating on the stock. Barclays PLC’s price target would suggest a potential downside of 31.56% from the stock’s current price.

Several other research firms also recently commented on MT. UBS AG set a €30.00 ($34.88) target price on ArcelorMittal and gave the company a “buy” rating in a research report on Friday. Deutsche Bank AG set a €31.00 ($36.05) target price on ArcelorMittal and gave the company a “buy” rating in a research report on Wednesday, November 1st. Goldman Sachs Group, Inc. (The) set a €29.50 ($34.30) target price on ArcelorMittal and gave the company a “buy” rating in a research report on Wednesday, October 25th. Credit Suisse Group set a €37.00 ($43.02) target price on ArcelorMittal and gave the company a “buy” rating in a research report on Wednesday, October 11th. Finally, Citigroup Inc. set a €30.00 ($34.88) target price on ArcelorMittal and gave the company a “buy” rating in a research report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of €24.42 ($28.39).

Shares of ArcelorMittal (AMS:MT) opened at €24.84 ($28.88) on Monday. ArcelorMittal has a 52 week low of €17.72 ($20.60) and a 52 week high of €25.91 ($30.13).

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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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