Jefferies Financial Group set a €42.00 ($47.73) price target on ArcelorMittal (AMS:MT) in a research note released on Monday, Borsen Zeitung reports.
A number of other equities analysts also recently issued reports on MT. Barclays set a €40.00 ($45.45) price target on shares of ArcelorMittal in a research note on Thursday, November 11th. The Goldman Sachs Group set a €45.00 ($51.14) price target on shares of ArcelorMittal in a research note on Monday, November 15th. UBS Group set a €35.00 ($39.77) price target on shares of ArcelorMittal in a research note on Thursday, November 4th. Deutsche Bank Aktiengesellschaft set a €47.00 ($53.41) target price on shares of ArcelorMittal in a research note on Friday, November 12th. Finally, JPMorgan Chase & Co. set a €44.00 ($50.00) target price on shares of ArcelorMittal in a research note on Thursday, November 11th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of Buy and a consensus target price of €40.33 ($45.83).
ArcelorMittal has a one year low of €17.72 ($20.14) and a one year high of €30.76 ($34.95).
ArcelorMittal, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia, and Africa. The company's principal steel products include semi-finished flat products, such as slabs; finished flat products comprising plates, hot- and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, tinplate, and color coated coils and sheets; semi-finished long products, such as blooms and billets; finished long products, including bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes.
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The post ArcelorMittal (AMS:MT) Given a €42.00 Price Target at Jefferies Financial Group appeared first on ETF Daily News.