Bank of America set a €38.00 ($46.91) price objective on ArcelorMittal (AMS:MT) in a report published on Tuesday, February 20th, Marketbeat reports. The brokerage currently has a buy rating on the stock.
Other equities analysts also recently issued reports about the company. Deutsche Bank set a €33.00 ($40.74) price target on ArcelorMittal and gave the stock a buy rating in a research note on Wednesday, December 6th. Citigroup set a €36.00 ($44.44) target price on ArcelorMittal and gave the company a buy rating in a research report on Tuesday, January 9th. Goldman Sachs Group set a €37.00 ($45.68) target price on ArcelorMittal and gave the stock a buy rating in a report on Thursday, February 1st. Kepler Capital Markets set a €36.00 ($44.44) target price on ArcelorMittal and gave the stock a buy rating in a report on Friday, December 1st. Finally, Barclays set a €20.00 ($24.69) target price on ArcelorMittal and gave the company a sell rating in a research report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and sixteen have issued a buy rating to the stock. ArcelorMittal presently has an average rating of Buy and an average price target of €30.88 ($38.13).
Shares of ArcelorMittal (MT) traded up €0.01 ($0.01) during trading hours on Tuesday, hitting €26.48 ($32.69). The stock had a trading volume of 5,020,000 shares, compared to its average volume of 6,420,000. ArcelorMittal has a 12-month low of €17.72 ($21.88) and a 12-month high of €30.76 ($37.98). The company has a market cap of $26,940.00 and a price-to-earnings ratio of 7.36.
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.
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