Analysts Set ArcelorMittal SA (NYSE:MT,) Price Target at $5.80
Posted by Wayne Rhoads on Aug 31st, 2016 // No Comments
ArcelorMittal SA logoShares of ArcelorMittal SA (NYSE:MT,) have been assigned an average rating of “Buy” from the nine analysts that are presently covering the firm. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $5.80.
Several brokerages have issued reports on MT,. Citigroup Inc. raised shares of ArcelorMittal SA from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $5.00 to $5.40 in a research report on Wednesday, June 1st. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of ArcelorMittal SA in a research note on Sunday, August 21st.
ArcelorMittal SA (NYSE:MT,) opened at 5.96 on Friday. ArcelorMittal SA has a 52-week low of $2.93 and a 52-week high of $7.81. The company’s 50-day moving average is $6.09 and its 200-day moving average is $5.13. The firm’s market capitalization is $18.22 billion.
ArcelorMittal SA (ArcelorMittal) is a holding company. The Company is an integrated steel and mining company. ArcelorMittal operates through five segments: NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining. The NAFTA segment produces flat, long and tubular products.