ArcelorMittal SA logoArcelorMittal SA (AMS:MT) has been assigned a €27.00 ($31.76) price objective by investment analysts at Goldman Sachs Group, Inc. (The) in a research report issued on Wednesday. The firm currently has a “buy” rating on the stock.
A number of other equities analysts also recently weighed in on MT. Barclays PLC set a €17.00 ($20.00) target price on shares of ArcelorMittal SA and gave the company a “sell” rating in a research note on Tuesday, August 8th. Royal Bank Of Canada set a €32.00 ($37.65) target price on shares of ArcelorMittal SA and gave the company a “buy” rating in a research note on Tuesday, August 15th. Morgan Stanley set a €26.50 ($31.18) target price on shares of ArcelorMittal SA and gave the company a “buy” rating in a research note on Tuesday, September 26th. Citigroup Inc. set a €30.00 ($35.29) target price on shares of ArcelorMittal SA and gave the company a “buy” rating in a research note on Thursday, September 28th. Finally, Credit Suisse Group set a €37.00 ($43.53) target price on shares of ArcelorMittal SA and gave the company a “buy” rating in a research note on Wednesday, October 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. ArcelorMittal SA currently has a consensus rating of “Buy” and an average price target of €21.80 ($25.65).
ArcelorMittal SA (MT) opened at 24.825 on Wednesday. The firm has a market cap of €25.32 billion and a P/E ratio of 7.812. ArcelorMittal SA has a 1-year low of €16.46 and a 1-year high of €26.52. The firm’s 50-day moving average price is €22.47 and its 200-day moving average price is €21.39.