ArcelorMittal SA (AMS:MT) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of ArcelorMittal SA (AMS:MT) have been assigned a consensus recommendation of “Buy” from the eleven analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is €20.33 ($23.64).

Several brokerages have weighed in on MT. Morgan Stanley set a €21.00 ($24.42) price objective on shares of ArcelorMittal and gave the stock a “buy” rating in a research note on Tuesday, September 24th. UBS Group set a €13.00 ($15.12) price objective on shares of ArcelorMittal and gave the stock a “neutral” rating in a research note on Monday, September 30th. Macquarie set a €16.10 ($18.72) price objective on shares of ArcelorMittal and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Goldman Sachs Group set a €19.50 ($22.67) price objective on shares of ArcelorMittal and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Oddo Bhf set a €12.00 ($13.95) price objective on shares of ArcelorMittal and gave the stock a “sell” rating in a research note on Monday, September 23rd.

ArcelorMittal has a 52-week low of €17.72 ($20.60) and a 52-week 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 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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