Barclays keeps Hold on ArcelorMittal stock with EUR 60.00 target
Published on 10/14/2026 at 10:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst targets diverge
- Barclays maintained a Hold rating with a EUR 60.00 target on October 13, 2026.
- UBS raised its target from EUR 61.00 to EUR 71.00 on October 9, 2026.
- ArcelorMittal stock was at EUR 56.73 at 10:36 a.m. CEST at Lang & Schwarz on October 14, 2026.
- ArcelorMittal is due to report third-quarter results on November 5, 2026.
ArcelorMittal (ISIN LU1598757687) was trading at EUR 56.73 at Lang & Schwarz on October 14, 2026 at 10:36 a.m. CEST, against Barclays' EUR 60.00 target. According to Markets Insider on October 13, 2026, Barclays maintained a Hold rating and a EUR 60.00 price target for the steelmaker. The latest ratings leave investors with a clear split between cautious valuation and a more constructive European steel outlook.
Three milestones shape the stock
On September 25, 2026, ArcelorMittal said it would book a USD 1.00 billion charge after missile strikes disrupted its Kryvyi Rih operation, according to Global Banking and Finance. The operational setback contrasts with the market's later focus on European supply restrictions and steel prices.
On October 9, 2026, UBS upgraded ArcelorMittal from Neutral to Buy and raised its target from EUR 61.00 to EUR 71.00. Yahoo Finance reported that UBS linked the upgrade to tighter European supply after new import quotas.
What does the target split mean?
The difference between Barclays' EUR 60.00 target and UBS' EUR 71.00 target is EUR 11.00 per share, a gap that reflects different assumptions about steel pricing and supply. UBS said new European quotas could remove 9.00 million tonnes of annual imports and raised its European hot-rolled coil forecasts by 2.00 percent for 2026, 11.00 percent for 2027 and 10.00 percent for 2028, according to Yahoo Finance.
Results date is November 5
ArcelorMittal is due to report third-quarter results on November 5, 2026. UBS forecasts third-quarter EBITDA of USD 1.92 billion, down 7.00 percent from the prior quarter, citing higher European energy and carbon costs, according to Yahoo Finance.
Price stays below the UBS target
ArcelorMittal was trading at EUR 56.73 at Lang & Schwarz on October 14, 2026 at 10:36 a.m. CEST. The quote stood EUR 14.27 below UBS' EUR 71.00 target, while Barclays' EUR 60.00 target was EUR 3.27 higher than the market price.
The further course of trading is shown by the continuously updated real-time quote of ArcelorMittal stock.
ArcelorMittal stock facts
- Company: ArcelorMittal S.A.
- ISIN: LU1598757687
- Ticker: MT.AS
- Primary exchange: Euronext Amsterdam
- Price Lang & Schwarz (as of October 14, 2026, 10:36 a.m. CEST): EUR 56.73
- Sector / Industry: Basic Materials / Steel
Market context: Market report Euro Stoxx 50.
