ArcelorMittal SA (MT) Receives Consensus Rating of “Buy” from Analysts
ArcelorMittal SA (AMS:MT) has been assigned a consensus rating of “Buy” from the eleven analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is €18.22 ($21.69).
MT has been the subject of a number of research analyst reports. Goldman Sachs Group, Inc. (The) set a €9.50 ($11.31) price target on ArcelorMittal SA and gave the stock a “buy” rating in a report on Monday, May 29th. Berenberg Bank set a €11.50 ($13.69) price target on ArcelorMittal SA and gave the stock a “buy” rating in a report on Saturday, May 20th. Societe Generale set a €10.40 ($12.38) target price on ArcelorMittal SA and gave the company a “buy” rating in a research note on Saturday, May 20th. Citigroup Inc. set a €28.00 ($33.33) target price on ArcelorMittal SA and gave the company a “buy” rating in a research note on Tuesday, May 23rd. Finally, Nord/LB set a €27.00 ($32.14) target price on ArcelorMittal SA and gave the company a “buy” rating in a research note on Monday, May 22nd.
ArcelorMittal SA (MT) opened at 22.02 on Wednesday. The firm’s 50-day moving average price is €21.98 and its 200 day moving average price is €21.99. ArcelorMittal SA has a one year low of €14.62 and a one year high of €26.52. The company has a market capitalization of €22.46 billion and a price-to-earnings ratio of 6.93.
ArcelorMittal SA Company Profile
ArcelorMittal, together with its subsidiaries, owns and operates steel manufacturing and mining facilities. The company operates through five segments: NAFTA, Brazil, Europe, ACIS, and Mining. It produces finished and semi-finished steel products with various specifications. The companys principal steel products include semi-finished flat products, such as slabs; finished flat products comprising plates, hot- and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, and tinplate and color coated coils and sheets; semi-finished long products, such as blooms and billets; finished long products, including bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes.
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