Kepler Capital analyst Boris Bourdet maintained a Buy rating on ArcelorMittal on October 7 and set a price target of €40.00. The company’s shares closed last Tuesday at €32.80.
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Bourdet covers the Basic Materials sector, focusing on stocks such as ArcelorMittal, Salzgitter, and Kloeckner & Co. SE. According to TipRanks, Bourdet has an average return of 27.1% and a 90.70% success rate on recommended stocks.
Currently, the analyst consensus on ArcelorMittal is a Moderate Buy with an average price target of €33.15, representing a 1.07% upside. In a report released yesterday, Bank of America Securities also reiterated a Buy rating on the stock with a €36.00 price target.
The company has a one-year high of €34.48 and a one-year low of €20.52. Currently, ArcelorMittal has an average volume of 381.1K.
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