Jefferies Financial Group set a €24.00 ($27.91) target price on ArcelorMittal (AMS:MT) in a report released on Wednesday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Several other brokerages have also commented on MT. Macquarie restated a neutral rating on shares of Glencore in a research note on Tuesday, July 9th. Goldman Sachs Group started coverage on shares of Taylor Wimpey in a research note on Wednesday, June 12th. They issued a buy rating on the stock. Kepler Capital Markets set a €23.00 ($26.74) price target on shares of ArcelorMittal and gave the company a buy rating in a research note on Wednesday, June 5th. Deutsche Bank raised their price target on shares of Canadian Pacific Railway from $230.00 to $260.00 and gave the company a buy rating in a research note on Wednesday. Finally, Morgan Stanley raised their price target on shares of Williams-Sonoma from $52.00 to $56.00 and gave the company an underweight rating in a research note on Wednesday, July 10th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of €28.28 ($32.88).
ArcelorMittal has a 12 month low of €17.72 ($20.60) and a 12 month high of €30.76 ($35.77).
ArcelorMittal, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia, and Africa. It operates through five segments: NAFTA, Brazil, Europe, ACIS, and Mining. The company produces finished and semi-finished steel products with various specifications.
Further Reading: Institutional Investors
Receive News & Ratings for ArcelorMittal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ArcelorMittal and related companies with MarketBeat.com's FREE daily email newsletter.