ArcelorMittal (AMS:MT) has been assigned a €32.20 ($37.44) price target by Societe Generale in a report released on Friday. The brokerage presently has a “buy” rating on the stock. Societe Generale’s price objective would indicate a potential upside of 36.79% from the company’s current price.

MT has been the subject of several other research reports. Jefferies Group LLC set a €32.00 ($37.21) price target on shares of ArcelorMittal and gave the company a “buy” rating in a research report on Monday. Barclays PLC set a €17.00 ($19.77) price objective on shares of ArcelorMittal and gave the stock a “sell” rating in a research report on Monday. Deutsche Bank AG set a €31.00 ($36.05) price objective on shares of ArcelorMittal and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Citigroup Inc. set a €30.00 ($34.88) price objective on shares of ArcelorMittal and gave the stock a “buy” rating in a research report on Thursday, September 28th. Finally, Morgan Stanley set a €26.50 ($30.81) price objective on shares of ArcelorMittal and gave the stock a “buy” rating in a research report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the stock. ArcelorMittal currently has a consensus rating of “Buy” and an average target price of €28.09 ($32.66).

Shares of ArcelorMittal (AMS:MT) opened at €23.54 ($27.37) on Friday. ArcelorMittal has a 12-month low of €17.72 ($20.60) and a 12-month high of €25.91 ($30.13).

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ArcelorMittal 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 (AMS:MT)

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