Jefferies Financial Group set a €30.00 ($34.88) price objective on ArcelorMittal (AMS:MT) in a research report released on Tuesday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

MT has been the subject of a number of other research reports. Deutsche Bank set a €31.00 ($36.05) price objective on shares of ArcelorMittal and gave the stock a buy rating in a research report on Tuesday, April 16th. Morgan Stanley set a €26.00 ($30.23) price objective on shares of ArcelorMittal and gave the stock a buy rating in a research report on Tuesday. JPMorgan Chase & Co. set a €26.50 ($30.81) price objective on shares of ArcelorMittal and gave the stock a buy rating in a research report on Thursday, February 7th. Goldman Sachs Group set a €22.50 ($26.16) price objective on shares of ArcelorMittal and gave the stock a neutral rating in a research report on Thursday, February 7th. Finally, UBS Group set a €23.00 ($26.74) price objective on shares of ArcelorMittal and gave the stock a neutral rating in a research report on Friday, February 8th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of €31.63 ($36.78).

Get ArcelorMittal alerts: ArcelorMittal has a 1 year low of €17.72 ($20.60) and a 1 year high of €30.76 ($35.77).

ArcelorMittal Company Profile

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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