ArcelorMittal SA (MT,) Stock Rating Lowered by Goldman Sachs Group Inc.
ArcelorMittal SA (NYSE:MT,) was downgraded by research analysts at Goldman Sachs Group Inc. from a “buy” rating to a “neutral” rating in a research note issued on Thursday.
Separately, JPMorgan Chase & Co. reissued a “neutral” rating on shares of ArcelorMittal SA in a research note on Sunday, August 21st. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. ArcelorMittal SA presently has a consensus rating of “Buy” and a consensus target price of $5.48.
ArcelorMittal SA (NYSE:MT,) traded down 2.69% on Thursday, reaching $6.15. 15,837,219 shares of the company’s stock traded hands. ArcelorMittal SA has a 52-week low of $2.93 and a 52-week high of $6.59. The firm’s market capitalization is $18.81 billion. The firm’s 50 day moving average price is $6.00 and its 200 day moving average price is $5.50.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/13/arcelormittal-sa-mt-stock-rating-lowered-by-goldman-sachs-group-inc.html
ArcelorMittal SA Company Profile
ArcelorMittal SA (ArcelorMittal) is a holding company. The Company is an integrated steel and mining company. ArcelorMittal operates through five segments: NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining. The NAFTA segment produces flat, long and tubular products.
Receive News & Ratings for ArcelorMittal SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ArcelorMittal SA and related companies with MarketBeat.com's FREE daily email newsletter.