Deutsche Bank Analysts Give ArcelorMittal (MT) a €36.00 Price Target
ArcelorMittal (AMS:MT) has been assigned a €36.00 ($42.86) target price by investment analysts at Deutsche Bank in a research report issued to clients and investors on Friday. The brokerage presently has a “buy” rating on the stock. Deutsche Bank’s price objective would suggest a potential upside of 17.53% from the stock’s previous close.
A number of other equities research analysts also recently commented on the company. Citigroup set a €30.00 ($35.71) target price on ArcelorMittal and gave the company a “buy” rating in a research report on Thursday, September 28th. Jefferies Group set a €32.00 ($38.10) target price on ArcelorMittal and gave the company a “buy” rating in a research report on Monday, November 13th. S&P Global set a €27.00 ($32.14) target price on ArcelorMittal and gave the company a “neutral” rating in a research report on Monday, November 13th. Morgan Stanley set a €26.50 ($31.55) target price on ArcelorMittal and gave the company a “buy” rating in a research report on Tuesday, September 26th. Finally, Goldman Sachs Group set a €29.50 ($35.12) target price on ArcelorMittal and gave the company a “buy” rating in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the company’s stock. ArcelorMittal has a consensus rating of “Buy” and an average price target of €29.29 ($34.87).
Shares of ArcelorMittal (AMS MT) traded up €0.47 ($0.56) during trading on Friday, reaching €30.63 ($36.46). The company had a trading volume of 6,850,000 shares, compared to its average volume of 5,460,000. ArcelorMittal has a 52-week low of €17.72 ($21.10) and a 52-week high of €30.76 ($36.62). The stock has a market capitalization of $31,080.00 and a P/E ratio of 9.57.
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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.
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