Deutsche Bank set a €22.00 ($25.58) price objective on ArcelorMittal (AMS:MT) in a research report report published on Thursday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Several other equities research analysts also recently weighed in on the stock. JPMorgan Chase & Co. reissued a buy rating on shares of SS&C Technologies in a research note on Monday, July 1st. Jefferies Financial Group began coverage on shares of ADMA Biologics in a research note on Tuesday, June 4th. They issued a buy rating and a $8.00 target price on the stock. Kepler Capital Markets set a €23.00 ($26.74) target price on shares of ArcelorMittal and gave the company a buy rating in a research note on Wednesday, June 5th. Goldman Sachs Group began coverage on shares of Taylor Wimpey in a research note on Wednesday, June 12th. They issued a buy rating on the stock. Finally, Macquarie reissued a neutral rating on shares of Glencore in a research note on Tuesday, July 9th. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of €29.14 ($33.88).
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.
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