ArcelorMittal SA (AMS:MT) has been given a €30.00 ($35.29) price target by analysts at UBS AG in a research note issued on Friday, www.boersen-zeitung.de reports. The firm currently has a “buy” rating on the stock.

A number of other research firms have also recently issued reports on MT. Goldman Sachs Group Inc set a €27.00 ($31.76) price objective on shares of ArcelorMittal SA and gave the stock a “buy” rating in a research report on Wednesday. Credit Suisse Group set a €37.00 ($43.53) price objective on shares of ArcelorMittal SA and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Citigroup Inc. set a €30.00 ($35.29) price objective on shares of ArcelorMittal SA and gave the stock a “buy” rating in a research report on Thursday, September 28th. Morgan Stanley set a €26.50 ($31.18) price objective on shares of ArcelorMittal SA and gave the stock a “buy” rating in a research report on Tuesday, September 26th. Finally, Royal Bank Of Canada set a €32.00 ($37.65) price objective on shares of ArcelorMittal SA and gave the stock a “buy” rating in a research report on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. ArcelorMittal SA has a consensus rating of “Buy” and an average target price of €22.45 ($26.42).

ArcelorMittal SA (MT) traded up 2.047% on Friday, reaching €25.175. The company’s stock had a trading volume of 10,262,557 shares. ArcelorMittal SA has a 12 month low of €16.46 and a 12 month high of €26.52. The company has a market cap of €25.68 billion and a P/E ratio of 7.922. The stock’s 50 day moving average price is €22.75 and its 200 day moving average price is €21.45.

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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.

Analyst Recommendations for ArcelorMittal SA (AMS:MT)

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