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ArcelorMittal SA (ADR) (NYSE:MT) target price raised to $6.55, reported today by JPMorgan Chase & Co.

Yesterday ArcelorMittal SA (ADR) (NYSE:MT) traded 3.21% lower at $6.30. ArcelorMittal SA (ADR)’s 50-day moving average is $6.20 and its two hundred day moving average is $5.29. With the last stock price close up 2.65% from the two hundred day moving average, compared to the S&P 500 Index which has fallen -0.01% over the same time period. 18,369,433 shares of MT were exchanged, up from ann average volume of 16,909,900.

In a statement issued on 8/19/2016 JPMorgan Chase & Co. raised the target price of ArcelorMittal SA (ADR) (NYSE:MT) from $3 to $7 reporting a possible upsideof 0.04%.

Performance Chart:

ArcelorMittal SA (ADR) (NYSE:MT)

In addition to JPMorgan Chase & Co. reporting it’s target price, a total of 6 firms have released a research note on the stock. The consensus target price is $5.98 with two firms rating the company a strong buy, one analyst rating the company a buy, three analysts rating the stock a hold, 0 rating the stock to underperform, and lastly 0 brokerages rating the stock as sell.

ArcelorMittal SA (ADR) has a one-year low of $2.93 and a 52 week high of $7.19 and has a total market value of $0.0.

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, and ArcelorMittal produces pipes and tubes for various applications.

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