Arcelor Mittal NY Registry Shar – Consensus Indicates Potential 87.4% Upside

Broker Ratings

Arcelor Mittal NY Registry Shar with ticker code (MT) now have 5 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 46 and 27.42 with a mean TP of 39.62. With the stocks previous close at 21.14 this indicates there is a potential upside of 87.4%. The 50 day MA is 23.39 and the 200 day MA is 28.57. The company has a market cap of $18,556m. You can visit the company’s website by visiting: https://corporate.arcelormittal.com

The potential market cap would be $34,776m based on the market concensus.

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ArcelorMittal S.A., together with its subsidiaries, operates as integrated steel and mining companies in Europe, North and South America, Asia, and Africa. Its principal steel products include semi-finished flat products, including 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, which includes 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. The company’s principal mining products comprise iron ore lumps, fines, concentrates, pellets, and sinter feeds; and coking and thermal coal, and pulverized coal injections. It 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. The company has iron ore mining activities in Brazil, Bosnia, Canada, Kazakhstan, Liberia, Mexico, South Africa, and Ukraine; and coal mining activities in Kazakhstan. ArcelorMittal S.A. was founded in 1976 and is headquartered in Luxembourg City, Luxembourg.

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