Macquarie set a €20.00 ($23.26) price target on ArcelorMittal (AMS:MT) in a research report released on Tuesday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Other equities research analysts also recently issued research reports about the company. Goldman Sachs Group began coverage on Taylor Wimpey in a report on Wednesday, June 12th. They set a buy rating on the stock. Morgan Stanley set a $40.00 price objective on Halliburton and gave the company a buy rating in a report on Tuesday, April 23rd. Kepler Capital Markets set a €23.00 ($26.74) price objective on ArcelorMittal and gave the company a buy rating in a report on Wednesday, June 5th. UBS Group reissued a hold rating and set a $130.00 price objective on shares of Continental in a report on Wednesday, May 15th. Finally, Jefferies Financial Group began coverage on ADMA Biologics in a report on Tuesday, June 4th. They set a buy rating and a $8.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of €29.14 ($33.88).
ArcelorMittal has a twelve month low of €17.72 ($20.60) and a twelve month high of €30.76 ($35.77).
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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