A statement released earlier today by Zacks Investment Research about ArcelorMittal SA (ADR) (NYSE:MT) raises the target price to $8.50
- Updated: December 1, 2016
ArcelorMittal SA (ADR) (NYSE:MT) had its target price raised to $8.50 by Zacks Investment Research in a report released 12/01/2016. The new target price indicates a potential upside of 0.11% from the company's most recent stock price close.
Boasting a price of $7.69, ArcelorMittal SA (ADR) (NYSE:MT) traded 1.65% higher on the day. With the last stock price close up 30.70% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. ArcelorMittal SA (ADR) has recorded a 50-day average of $6.79 and a two hundred day average of $5.89. Volume of trade was down over the average, with 4,973,677 shares of MT changing hands under the typical 17,906,800
With a total market value of $0, ArcelorMittal SA (ADR) has with a one year low of $2.93 and a one year high of $7.75 .
A total of 6 equity analysts have released a ratings update on MT. Two equity analysts rating the company a strong buy, one equity analyst rating the company a buy, three equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $5.98.
Brief Synopsis About ArcelorMittal SA (ADR) (NYSE:MT)
ArcelorMittal S.A. (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. The Brazil segment includes the flat operations of Brazil, and the long and tubular operations of Brazil and neighboring countries. The Europe segment is the flat steel producer in Europe. The ACIS segment produces a combination of flat, long products and tubular products. The Mining segment comprises all mines owned by ArcelorMittal in the Americas, Asia, Europe and Africa. It produces a range of finished and semi-finished steel products (semis). ArcelorMittal produces flat steel products, including sheet and plate, and long steel products, including bars, rods and structural shapes. In addition, ArcelorMittal produces pipes and tubes for various applications.
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