JPMorgan Chase & Co. Analysts Give ArcelorMittal (MT) a €36.00 Price Target

ArcelorMittal (AMS:MT) received a €36.00 ($44.44) price objective from JPMorgan Chase & Co. in a report issued on Monday. The firm presently has a “buy” rating on the stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 34.38% from the company’s current price.

MT has been the topic of a number of other research reports. Goldman Sachs Group set a €37.00 ($45.68) price target on ArcelorMittal and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Jefferies Group set a €32.00 ($39.51) price target on ArcelorMittal and gave the stock a “buy” rating in a research note on Monday, November 13th. Barclays set a €17.00 ($20.99) price target on ArcelorMittal and gave the stock a “sell” rating in a research note on Monday, November 13th. Deutsche Bank set a €31.00 ($38.27) price target on ArcelorMittal and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Finally, S&P Global set a €27.00 ($33.33) price target on ArcelorMittal and gave the stock a “neutral” rating in a research note on Monday, November 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the stock. ArcelorMittal has an average rating of “Buy” and an average price target of €30.49 ($37.64).

ArcelorMittal (AMS:MT) traded up €0.51 ($0.63) during trading hours on Monday, reaching €26.79 ($33.07). The company had a trading volume of 6,590,000 shares, compared to its average volume of 6,230,000. The stock has a market cap of $27,380.00 and a P/E ratio of 7.34. ArcelorMittal has a 12-month low of €17.72 ($21.88) and a 12-month high of €30.76 ($37.98).

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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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