Deutsche Bank Analysts Give ArcelorMittal (MT) a €40.00 Price Target

Deutsche Bank set a €40.00 ($46.51) price target on ArcelorMittal (AMS:MT) in a research note issued to investors on Monday. The brokerage currently has a buy rating on the stock.

MT has been the subject of a number of other reports. Societe Generale set a €44.40 ($51.63) price objective on ArcelorMittal and gave the company a buy rating in a research note on Tuesday, July 31st. Morgan Stanley set a €34.00 ($39.53) price objective on ArcelorMittal and gave the company a buy rating in a research note on Wednesday, October 24th. Citigroup set a €40.00 ($46.51) target price on ArcelorMittal and gave the stock a buy rating in a research note on Tuesday, July 10th. Jefferies Financial Group set a €37.00 ($43.02) target price on ArcelorMittal and gave the stock a buy rating in a research note on Monday, July 16th. Finally, UBS Group set a €25.00 ($29.07) target price on ArcelorMittal and gave the stock a sell rating in a research note on Wednesday, August 1st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the stock. ArcelorMittal currently has a consensus rating of Buy and a consensus target price of €35.43 ($41.20).

MT stock opened at €26.65 ($30.99) on Monday. ArcelorMittal has a 52-week low of €17.72 ($20.60) and a 52-week high of €30.76 ($35.77).

About ArcelorMittal

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.

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Analyst Recommendations for ArcelorMittal (AMS:MT)

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