ArcelorMittal (MT) Given a €33.00 Price Target by Deutsche Bank AG Analysts

ArcelorMittal (AMS:MT) has been given a €33.00 ($38.37) price objective by analysts at Deutsche Bank AG in a research note issued to investors on Monday. The brokerage currently has a “buy” rating on the stock. Deutsche Bank AG’s price target would indicate a potential upside of 39.89% from the stock’s previous close.

Several other research analysts also recently commented on MT. Barclays PLC set a €17.00 ($19.77) price objective on shares of ArcelorMittal and gave the company a “sell” rating in a report on Tuesday, August 8th. Royal Bank Of Canada set a €32.00 ($37.21) price objective on shares of ArcelorMittal and gave the company a “buy” rating in a report on Tuesday, August 15th. Morgan Stanley set a €26.50 ($30.81) price objective on shares of ArcelorMittal and gave the company a “buy” rating in a report on Tuesday, September 26th. Citigroup Inc. set a €30.00 ($34.88) price objective on shares of ArcelorMittal and gave the company a “buy” rating in a report on Thursday, September 28th. Finally, Credit Suisse Group AG set a €37.00 ($43.02) price objective on shares of ArcelorMittal and gave the company a “buy” rating in a report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of €26.53 ($30.85).

ArcelorMittal (AMS:MT) opened at €23.59 ($27.43) on Monday. ArcelorMittal has a 1-year low of €17.72 ($20.60) and a 1-year high of €25.91 ($30.13).

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ArcelorMittal Company Profile

ArcelorMittal SA (ArcelorMittal) is a holding company. The Company, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia and Africa. ArcelorMittal operates through five segments, which include NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining.

Analyst Recommendations for ArcelorMittal (AMS:MT)

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