Several other research firms also recently weighed in on MT. Barclays set a €17.00 ($20.24) target price on shares of ArcelorMittal and gave the company a sell rating in a report on Tuesday, August 8th. Citigroup set a €30.00 ($35.71) price target on shares of ArcelorMittal and gave the company a buy rating in a research report on Thursday, September 28th. Jefferies Group set a €32.00 ($38.10) price target on shares of 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) price target on shares of ArcelorMittal and gave the company a neutral rating in a research report on Monday, November 13th. Finally, Royal Bank Of Canada set a €32.00 ($38.10) price target on shares of ArcelorMittal and gave the company a buy rating in a research report on Tuesday, August 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of €28.69 ($34.15).
Shares of ArcelorMittal (AMS:MT) traded up €0.46 ($0.55) on Tuesday, hitting €26.18 ($31.17). 6,890,000 shares of the stock were exchanged, compared to its average volume of 5,950,000. ArcelorMittal has a 1-year low of €17.72 ($21.10) and a 1-year high of €26.27 ($31.27).
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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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