ArcelorMittal SA (MT) Receives Average Rating of “Buy” from Brokerages
Shares of ArcelorMittal SA (AMS:MT) have been given a consensus rating of “Buy” by the ten ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is €16.64 ($18.70).
Several equities research analysts have recently commented on MT shares. Societe Generale set a €10.40 ($11.69) target price on shares of ArcelorMittal SA and gave the stock a “buy” rating in a research report on Saturday, May 20th. Goldman Sachs Group, Inc. (The) set a €9.50 ($10.67) price target on shares of ArcelorMittal SA and gave the stock a “buy” rating in a research note on Saturday, May 20th. Deutsche Bank AG set a €8.00 ($8.99) price target on shares of ArcelorMittal SA and gave the stock a “neutral” rating in a research note on Saturday, May 20th. Barclays PLC set a €5.50 ($6.18) price target on shares of ArcelorMittal SA and gave the stock a “sell” rating in a research note on Saturday, May 20th. Finally, Berenberg Bank set a €11.50 ($12.92) price target on shares of ArcelorMittal SA and gave the stock a “buy” rating in a research note on Saturday, May 20th.
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ArcelorMittal SA (AMS MT) traded down 1.14% during midday trading on Friday, reaching €17.84. 8,415,859 shares of the company’s stock traded hands. The stock has a market cap of €18.19 billion and a P/E ratio of 5.92. ArcelorMittal SA has a 52-week low of €17.73 and a 52-week high of €22.23. The company’s 50-day moving average price is €20.13 and its 200-day moving average price is €22.33.
ArcelorMittal SA Company Profile
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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