Analysts Set ArcelorMittal SA (NYSE:MT,) Price Target at $5.80

ArcelorMittal SA (NYSE:MT,) has received an average recommendation of “Buy” from the nine analysts that are presently covering the firm. Three investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $5.80.

Separately, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of ArcelorMittal SA in a report on Sunday, August 21st.

Shares of ArcelorMittal SA (NYSE:MT,) opened at 5.99 on Friday. The firm has a 50 day moving average of $6.02 and a 200 day moving average of $5.43. The stock’s market cap is $18.32 billion. ArcelorMittal SA has a one year low of $2.93 and a one year high of $6.94.

About ArcelorMittal SA

ArcelorMittal SA (ArcelorMittal) is a holding company. The Company is an integrated steel and mining company. ArcelorMittal operates through five segments: NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining. The NAFTA segment produces flat, long and tubular products.

5 Day Chart for NYSE:MT,

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