ArcelorMittal Given Sector Perform Rating at RBC Capital (MT)
ArcelorMittal (EPA:MT)‘s stock had its “sector perform” rating reiterated by equities research analysts at RBC Capital in a research note issued to investors on Wednesday, Stock Ratings Network reports. They currently have a €11.00 ($14.86) price objective on the stock.
Separately, analysts at Macquarie upgraded shares of ArcelorMittal from a “neutral” rating to an “outperform” rating in a research note to investors on Monday. Four analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of €12.39 ($16.74).
ArcelorMittal (EPA:MT) traded up 0.43% during mid-day trading on Wednesday, hitting €11.765. 9,256,173 shares of the company’s stock traded hands. ArcelorMittal has a 52 week low of €8.354 and a 52 week high of €13.755. The stock has a 50-day moving average of €18. and a 200-day moving average of €18..
ArcelorMittal SA is a Luxembourg-based company involved in the mining and steel industry. In 2011, the Company had crude steel production of 91.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.