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ArcelorMittal SA (NYSE:MT,) Receives $5.00 Consensus Price Target from Analysts
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ArcelorMittal SA (NYSE:MT,) Receives $5.00 Consensus Price Target from Analysts
Posted by Reagan on Apr 8th, 2016 // No Comments
ArcelorMittal SA logoArcelorMittal SA (NYSE:MT,) has been given a consensus recommendation of “Hold” by the eight ratings firms that are currently covering the company, AnalystRatings.NET reports. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $5.00.
ArcelorMittal SA (NYSE:MT,) opened at 4.49 on Tuesday. The stock’s market capitalization is $7.44 billion. The firm has a 50-day moving average price of $4.33 and a 200 day moving average price of $4.60. ArcelorMittal SA has a 12 month low of $2.93 and a 12 month high of $11.95.
MT, has been the topic of several recent research reports. Jefferies Group reissued an “underperform” rating on shares of ArcelorMittal SA in a research report on Thursday, January 14th. Deutsche Bank reissued a “hold” rating and set a $4.50 target price (down from $5.00) on shares of ArcelorMittal SA in a research report on Monday, February 8th. Goldman Sachs upgraded shares of ArcelorMittal SA from a “sell” rating to a “neutral” rating in a research note on Tuesday, February 9th. ING Group reaffirmed a “hold” rating on shares of ArcelorMittal SA in a report on Wednesday, February 10th. Finally, JPMorgan Chase & Co. lowered shares of ArcelorMittal SA from an “overweight” rating to a “neutral” rating in a report on Tuesday, February 9th.