ArcelorMittal (0RP9) Gets a Hold from Goldman Sachs

In a report released on April 10, Matt Greene from Goldman Sachs maintained a Hold rating on ArcelorMittal. The company’s shares closed last Friday at €52.04.

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According to TipRanks, Greene is a 4-star analyst with an average return of 10.6% and a 53.33% success rate. Greene covers the Basic Materials sector, focusing on stocks such as Rio Tinto, Glencore, and Lundin Mining.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ArcelorMittal with a €53.65 average price target, representing a 3.09% upside. In a report released on March 31, UBS also maintained a Hold rating on the stock with a €45.00 price target.

0RP9 market cap is currently €38.71B and has a P/E ratio of 10.68.

Based on the recent corporate insider activity of 17 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.