Shares of ArcelorMittal (AMS:MT) have earned an average rating of “Buy” from the fifteen analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is €28.69 ($34.15).

A number of equities analysts have issued reports on the stock. Deutsche Bank set a €33.00 ($39.29) price target on shares of ArcelorMittal and gave the stock a “buy” rating in a research report on Wednesday. Kepler Capital Markets set a €36.00 ($42.86) price target on shares of ArcelorMittal and gave the stock a “buy” rating in a research report on Friday, December 1st. Goldman Sachs Group set a €29.50 ($35.12) price target on shares of ArcelorMittal and gave the stock a “buy” rating in a research report on Thursday, November 30th. Morgan Stanley set a €27.60 ($32.86) price target on shares of ArcelorMittal and gave the stock a “buy” rating in a research report on Tuesday, November 21st. Finally, Societe Generale set a €32.20 ($38.33) price target on shares of ArcelorMittal and gave the stock a “buy” rating in a research report on Friday, November 17th.

ArcelorMittal (AMS:MT) opened at €26.41 ($31.44) on Friday. ArcelorMittal has a fifty-two week low of €17.72 ($21.10) and a fifty-two week high of €26.58 ($31.64).

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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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