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ArcelorMittal (0RP9) Gets a Buy from Kepler Capital

Tipranks - Tipranks - Tue Feb 10, 1:22AM CST

Kepler Capital analyst Boris Bourdet maintained a Buy rating on ArcelorMittal on February 5 and set a price target of €55.00. The company’s shares closed last Friday at €49.01.

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According to TipRanks, Bourdet is a top 100 analyst with an average return of 70.8% and a 100.00% success rate.

Currently, the analyst consensus on ArcelorMittal is a Moderate Buy with an average price target of €47.76, which is a -2.55% downside from current levels. In a report released on February 7, TipRanks – xAI also reiterated a Buy rating on the stock with a €57.00 price target.

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The company has a one-year high of €51.64 and a one-year low of €20.54. Currently, ArcelorMittal has an average volume of 1.9M.

Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 0RP9 in relation to earlier this year.

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