ArcelorMittal Shares of ArcelorMittal hit a 52-week low on Thursday of $13.62. The stock's 52-week high of $35.31 was set on July 1. "Our 12-month price objective is set at EUR20/sh (US$27/ADR)," Bank of America Merrill Lynch analysts wrote in a May 23 report. "Our price objective is based on 7x 2012E EBITDA, in line with ArcelorMittal's historical average EV/EBITDA multiple of 7x." ArcelorMittal's forward P/E is 4.76; the average for iron and steel companies is 6.79. Six of the eight analysts who cover ArcelorMittal rated it buy; two analysts gave the stock a hold rating. The stock has declined 23.8% year to date.