ArcelorMittal stock holds near 64 euros as Deutsche Bank lifts target on H1 2026 strength
Published on 09/18/2026 at 14:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
ArcelorMittal stock (ISIN LU1598757687) was quoted at about EUR 64.76 on Euronext Paris on September 18, 2026, leaving the steel group close to recent highs after a strong run this year. According to an overview of broker recommendations dated September 4, 2026, Deutsche Bank raised its price target for ArcelorMittal stock to EUR 71.00, providing a fresh analyst catalyst for investors who have seen the shares advance strongly in 2026.Bolsamania
Stock price consolidates strong 2026 rally
Per price data from a Spanish stock portal as of September 18, 2026, ArcelorMittal shares on Euronext Paris last traded at EUR 64.76, down 1.19% on the day, with an intraday high of EUR 65.66 and low of EUR 64.76, on volume of 382,668 shares. This places the price very close to a five day high of EUR 65.94 recorded on September 14, 2026 and well above the three month level of EUR 55.50 on June 22, 2026.Bolsamania
The same overview shows that ArcelorMittal stock stood at EUR 29.62 one year earlier on September 18, 2025, implying a gain of about 118.64% over twelve months as the company’s profitability and steel demand improved.Bolsamania For investors, this means the current price around EUR 64.76 sits near the upper end of the recent trading range and reflects a re-rating of the stock after a challenging period for global steel.
H1 2026 figures underpin Deutsche Bank’s higher target
When ArcelorMittal published its H1 2026 results on July 30, 2026, the group signaled a positive outlook for the short and medium term and underlined robust shareholder returns, including distributions supported by improved earnings.Ideal-Investisseur According to a late July 2026 news item on a French financial portal, ArcelorMittal’s EBITDA in the second quarter of 2026 came in slightly above market expectations, with higher operating earnings than consensus for that period.Ad-hoc News This Q2 2026 beat on EBITDA created fundamental support for the share price and helped justify more optimistic analyst views.
The analysis from a French investor portal notes that in the months following the H1 2026 release, ArcelorMittal stock recorded several gains, including around 10% over three months, driven by improving operating trends and positive commentary from analysts.Ideal-Investisseur In early September 2026, Deutsche Bank’s decision to raise its price target, reported at EUR 71.00 compared with prior levels, accompanied the stock’s move to five year highs, suggesting that at least part of the rally was driven by improved confidence in medium term earnings power.Ideal-Investisseur
Analyst views and sector backdrop
The broker table on the Spanish portal shows Deutsche Bank’s recommendation as Buy with a price target of EUR 71.00 as of September 4, 2026, giving roughly 9.6% upside from the EUR 64.76 price level on September 18, 2026 if the target is reached.Bolsamania For investors, this higher target reflects expectations that ArcelorMittal can sustain improved margins and cash flows following its Q2 2026 EBITDA beat and supportive H1 2026 guidance.
Sector commentary highlights that ArcelorMittal has benefited from stronger steel prices and trade flows in Europe and globally, even as geopolitical risks remain, including the earlier missile strike on its Kryvyi Rih operations in Ukraine and ongoing adjustments in plant utilization such as the restart of the Gijon blast furnace in Spain.Ad-hoc News While such operational and geopolitical risks are a counter factor to the bullish case, the current analyst stance and the stock’s outperformance versus indices like the CAC 40 and AEX underline that the market currently focuses more on earnings resilience and shareholder returns.
ADR on NYSE and valuation context
ArcelorMittal also trades in the United States via depository receipts under the ticker MT on the New York Stock Exchange. According to data from a US financial portal, the ADR closed at USD 75.18 on September 17, 2026, up 2.68% on the day, with a subsequent after hours indication around USD 75.00, providing US investors with exposure to the same underlying earnings story.Yahoo Finance Morningstar’s quote page for MT shows a similar closing price and notes that the ADR’s trailing returns have been strong in 2026, consistent with the performance seen on the European listing.Morningstar
With the Paris listing implying a market capitalization of about EUR 50.4 billion as of September 18, 2026 based on the Spanish portal’s data, ArcelorMittal stands among Europe’s largest steel producers and is a heavyweight in indices such as CAC 40, AEX, Euronext 100, IBEX 35, SBF 120 and SBF 250.Bolsamania For valuation-focused investors, the combination of a doubled share price over the past year, a Q2 2026 EBITDA beat versus consensus, and a Buy rating with a raised target from Deutsche Bank means that the current level near EUR 64.76 requires confidence that earnings and cash generation will remain robust into 2027.
Stock level and as-of price
As of September 18, 2026, the reference price for ArcelorMittal stock is the Euronext Paris quote around EUR 64.76, with an intraday range between EUR 64.76 and EUR 65.66 and daily volume of 382,668 shares. This level leaves the shares significantly above the EUR 29.62 price seen one year earlier and close to the EUR 65.94 recent high from September 14, 2026, highlighting a powerful recovery that investors will weigh against cyclical steel risks and the company’s ability to deliver on the positive H1 2026 outlook.
ArcelorMittal stock key data
- Company: ArcelorMittal S.A.
- ISIN: LU1598757687
- Ticker: MT
- Trading venue: Euronext Paris
- Price (as of September 18, 2026, 12:39): 64.76 EUR
- Market capitalization: 50,406,000,000 EUR (as of September 18, 2026)
- Sector / Industry: Materials / Steel
- Index membership: CAC 40, AEX, Euronext 100, IBEX 35
