ArcelorMittal (MT) Given a €24.00 Price Target by UBS Group Analysts

UBS Group set a €24.00 ($27.91) target price on ArcelorMittal (AMS:MT) in a report released on Friday morning, www.boersen-zeitung.de reports. The firm currently has a neutral rating on the stock.

Several other equities research analysts have also issued reports on the stock. Morgan Stanley set a €35.20 ($40.93) price target on shares of ArcelorMittal and gave the stock a buy rating in a research note on Thursday, October 18th. JPMorgan Chase & Co. set a €37.00 ($43.02) price target on shares of ArcelorMittal and gave the stock a buy rating in a research note on Friday, October 12th. Credit Suisse Group set a €45.00 ($52.33) price target on shares of ArcelorMittal and gave the stock a buy rating in a research note on Thursday, July 26th. Deutsche Bank set a €40.00 ($46.51) price target on shares of ArcelorMittal and gave the stock a buy rating in a research note on Thursday, October 11th. Finally, Societe Generale set a €44.40 ($51.63) price target on shares of ArcelorMittal and gave the stock a buy rating in a research note on Tuesday, July 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company. ArcelorMittal currently has a consensus rating of Buy and a consensus price target of €34.87 ($40.55).

AMS:MT traded up €0.20 ($0.23) on Friday, hitting €26.65 ($30.99). The stock had a trading volume of 5,510,000 shares, compared to its average volume of 6,070,000. ArcelorMittal has a 1 year low of €17.72 ($20.60) and a 1 year 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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