by Thomas Lindt on January 20, 2015 0
ArcelorMittal SA (ADR) (NYSE:MT) shares are expected to touch $15.1 in the short term. This short term price target has been shared by 5 analysts. However, the standard deviation of short term price estimate has been valued at 2.7. The target price could hit $18 on the higher end and $12 on the lower end.
Many Analysts from different Brokerage Firms have commented on the company rating and price targets.In the latest statement by the brokerage house, Deutsche Bank maintains its outlook on ArcelorMittal SA (ADR) (NYSE:MT). The current rating of the shares is Hold, according to the research report released by the firm. The brokerage firm lowers the price target from $14.5 per share to $12.5 per share.
In a positive session, ArcelorMittal SA (ADR) (NYSE:MT) jumped 3.07% or 0.29 points. In a volatile session, heavy trading was seen as the volume of shares shot up to 5,984,969 shares. The day did not belong to bulls throughout as the stock crashed to $9.5 after opening at $9.56. However, the bears were soon scurrying for cover as the stock staged a smart recovery and closed at $9.75. The previous close of share price is $9.46. The 52-week high of the counter is $17.84 and the 52-week low is $9.21. The company has a market cap of $16,238 million.