ArcelorMittal SA (MT) Receives Consensus Rating of “Buy” from Brokerages
Shares of ArcelorMittal SA (AMS:MT) have been assigned a consensus rating of “Buy” from the eleven analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is €17.08 ($20.10).
A number of research analysts have recently issued reports on MT shares. Royal Bank Of Canada set a €31.00 ($36.47) price target on ArcelorMittal SA and gave the company a “buy” rating in a report on Thursday, May 25th. Goldman Sachs Group, Inc. (The) set a €9.50 ($11.18) price target on ArcelorMittal SA and gave the company a “buy” rating in a report on Saturday, May 20th. Barclays PLC set a €5.50 ($6.47) price target on ArcelorMittal SA and gave the company a “sell” rating in a report on Monday, May 29th. Nord/LB set a €27.00 ($31.76) price target on ArcelorMittal SA and gave the company a “buy” rating in a report on Monday, May 22nd. Finally, Deutsche Bank AG set a €8.00 ($9.41) price target on ArcelorMittal SA and gave the company a “neutral” rating in a report on Saturday, May 20th.
Shares of ArcelorMittal SA (MT) opened at 22.165 on Friday. The stock has a market capitalization of €22.61 billion and a price-to-earnings ratio of 6.975. ArcelorMittal SA has a 12 month low of €14.62 and a 12 month high of €26.52. The stock’s 50 day moving average price is €20.44 and its 200 day moving average price is €22.02.
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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