ArcelorMittal (AMS:MT) PT Set at €40.00 by Barclays

ArcelorMittal (AMS:MT) has been assigned a €40.00 ($45.45) price target by investment analysts at Barclays in a report issued on Thursday, Borsen Zeitung reports.

Other analysts have also recently issued reports about the company. Kepler Capital Markets set a €40.00 ($45.45) price objective on ArcelorMittal in a research note on Friday, October 22nd. UBS Group set a €35.00 ($39.77) price objective on ArcelorMittal in a research note on Thursday, November 4th. Jefferies Financial Group set a €41.00 ($46.59) price objective on ArcelorMittal in a research note on Monday, December 20th. The Goldman Sachs Group set a €45.00 ($51.14) price objective on ArcelorMittal in a research note on Thursday. Finally, Morgan Stanley set a €41.00 ($46.59) price objective on ArcelorMittal in a research note on Thursday, December 9th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of €40.56 ($46.09).

ArcelorMittal has a 52 week low of €17.72 ($20.14) and a 52 week high of €30.76 ($34.95).

ArcelorMittal Company Profile

ArcelorMittal, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia, and Africa. The company's principal steel products include semi-finished flat products, such as slabs; finished flat products comprising plates, hot- and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, tinplate, and color coated coils and sheets; semi-finished long products, such as blooms and billets; finished long products, including bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes.

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Analyst Recommendations for ArcelorMittal (AMS:MT)

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