Arcelor Mittal NY Registry Shar – Consensus Indicates Potential 54.7% Upside

Broker Ratings

Arcelor Mittal NY Registry Shar found using ticker (MT) now have 5 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 56 and 49.5 with the average target price sitting at 51.42. Given that the stocks previous close was at 33.23 this is indicating there is a potential upside of 54.7%. There is a 50 day moving average of 31.7 and the 200 day MA is 31.78. The company has a market capitalisation of $31,133m. Visit the company website at: https://corporate.arcelormittal.com

The potential market cap would be $48,176m based on the market concensus.

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ArcelorMittal S.A., 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. Its principal mining products comprise iron ore lumps, fines, concentrates, pellets, and sinter feeds; and coking and thermal coal, and pulverized coal injections. The company sells its products to various customers in the automotive, appliance, engineering, construction, energy, and machinery industries through a centralized marketing organization, as well as distributors. It has iron ore mining activities in Brazil, Bosnia, Canada, Kazakhstan, Liberia, Mexico, and Ukraine; and coal mining activities in Kazakhstan. The company was founded in 1976 and is headquartered in Luxembourg City, Luxembourg.

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