ArcelorMittal (MT) Given a €40.00 Price Target at Deutsche Bank

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ArcelorMittal (AMS:MT) received a €40.00 ($46.51) price objective from equities researchers at Deutsche Bank in a report issued on Thursday. The firm presently has a “buy” rating on the stock. Deutsche Bank’s price objective would indicate a potential upside of 50.09% from the company’s current price.

A number of other analysts have also commented on MT. JPMorgan Chase & Co. set a €36.00 ($41.86) price objective on shares of ArcelorMittal and gave the company a “buy” rating in a research note on Thursday, June 14th. Morgan Stanley set a €34.20 ($39.77) price objective on shares of ArcelorMittal and gave the company a “buy” rating in a research note on Friday, June 15th. Macquarie set a €30.00 ($34.88) price objective on shares of ArcelorMittal and gave the company a “buy” rating in a research note on Friday, July 6th. Kepler Capital Markets set a €36.00 ($41.86) price objective on shares of ArcelorMittal and gave the company a “buy” rating in a research note on Friday, July 6th. Finally, Jefferies Financial Group set a €37.00 ($43.02) price objective on shares of ArcelorMittal and gave the company a “buy” rating in a research note on Tuesday, July 10th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the stock. ArcelorMittal has a consensus rating of “Buy” and an average price target of €35.63 ($41.43).

MT stock opened at €26.65 ($30.99) on Thursday. ArcelorMittal has a one year low of €17.72 ($20.60) and a one year high of €30.76 ($35.77).

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. It operates through NAFTA, Brazil, Europe, ACIS, and Mining segments. The company produces finished and semi-finished steel products with various specifications.

See Also: How are Outstanding Shares Different from Authorized Shares?

Analyst Recommendations for ArcelorMittal (AMS:MT)

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