ArcelorMittal (AMS:MT) PT Set at €32.20 by Societe Generale

Societe Generale set a €32.20 ($38.33) price objective on ArcelorMittal (AMS:MT) in a research report released on Friday, November 17th. The brokerage currently has a buy rating on the stock.

Several other brokerages have also recently weighed in on MT. UBS set a €30.00 ($35.71) target price on shares of ArcelorMittal and gave the company a buy rating in a report on Friday, November 10th. Deutsche Bank set a €31.00 ($36.90) target price on shares of ArcelorMittal and gave the company a buy rating in a report on Wednesday, November 1st. Goldman Sachs Group set a €29.50 ($35.12) target price on shares of ArcelorMittal and gave the company a buy rating in a report on Wednesday, October 25th. Credit Suisse Group set a €37.00 ($44.05) target price on shares of ArcelorMittal and gave the company a buy rating in a report on Wednesday, October 11th. Finally, Citigroup set a €30.00 ($35.71) target price on shares of ArcelorMittal and gave the company a buy rating in a report on Thursday, September 28th. One analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of €28.69 ($34.15).

ArcelorMittal (AMS MT) traded up €0.69 ($0.82) during midday trading on Friday, hitting €26.20 ($31.19). 6,510,000 shares of the stock traded hands, compared to its average volume of 5,980,000. ArcelorMittal has a twelve month low of €17.72 ($21.10) and a twelve month high of €26.27 ($31.27).

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About ArcelorMittal

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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