ArcelorMittal (AMS:MT) received a €33.00 ($39.29) price target from equities researchers at Deutsche Bank in a research report issued to clients and investors on Wednesday. The brokerage presently has a “buy” rating on the stock. Deutsche Bank’s price objective would suggest a potential upside of 26.05% from the stock’s current price.

A number of other equities research analysts have also weighed in on MT. Credit Suisse Group set a €37.00 ($44.05) target price on shares of ArcelorMittal and gave the company a “buy” rating in a research note on Wednesday, October 11th. Societe Generale set a €32.20 ($38.33) target price on shares of ArcelorMittal and gave the company a “buy” rating in a research note on Friday, November 17th. Goldman Sachs Group set a €27.00 ($32.14) target price on shares of ArcelorMittal and gave the company a “buy” rating in a research note on Wednesday, October 18th. UBS set a €30.00 ($35.71) target price on shares of ArcelorMittal and gave the company a “buy” rating in a research note on Friday, October 20th. Finally, Barclays set a €17.00 ($20.24) target price on shares of ArcelorMittal and gave the company a “sell” rating in a research note on Monday, November 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of €28.69 ($34.15).

ArcelorMittal (AMS:MT) traded up €0.46 ($0.55) on Wednesday, hitting €26.18 ($31.17). 6,890,000 shares of the stock traded hands, compared to its average volume of 5,950,000. ArcelorMittal has a 1 year low of €17.72 ($21.10) and a 1 year high of €26.27 ($31.27).

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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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