ArcelorMittal (MT) PT Set at €20.50 by Goldman Sachs Group

Goldman Sachs Group set a €20.50 ($23.84) price objective on ArcelorMittal (AMS:MT) in a research note published on Friday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

A number of other brokerages have also issued reports on MT. Oddo Bhf set a €26.00 ($30.23) price objective on shares of ArcelorMittal and gave the company a buy rating in a report on Wednesday, January 23rd. JPMorgan Chase & Co. set a €26.50 ($30.81) price objective on shares of ArcelorMittal and gave the company a buy rating in a report on Tuesday, March 19th. Deutsche Bank set a €31.00 ($36.05) price target on shares of ArcelorMittal and gave the stock a buy rating in a report on Thursday, January 10th. Kepler Capital Markets set a €30.00 ($34.88) price target on shares of ArcelorMittal and gave the stock a buy rating in a report on Friday, March 15th. Finally, Bank of America set a €35.00 ($40.70) price target on shares of ArcelorMittal and gave the stock a buy rating in a report on Wednesday, January 9th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of €31.46 ($36.58).

ArcelorMittal has a fifty-two week low of €17.72 ($20.60) and a fifty-two 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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