Analysts say ArcelorMittal is cheap

It seems ArcelorMittal's stock trades with a discount. Many analysts say ArcelorMittal is currently undervalued. Currently the company is being followed by 21 researchers. The recommendations for the stock contain 1 times sell, 3 times hold and no buys. The average target price (fair value) equals 31,12 euros. This is at around 17 percent more than the current price of 26,65 euros. The most recent recommendations for the industrial metals company are from Bank of America Merrill Lynch, Standard & Poors and Nord Landesbank.

Target prices for ArcelorMittal vary a lot

financial analysis

Based on the current number of shares ArcelorMittal's market capitalization equals 27,16 billion euros.

Historical stock prices ArcelorMittal period 2007-2018

fundamental research arcelormittal

On Thursday the stock closed at 26,65 euros.

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