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Barclays Releases a Hold Rating on ArcelorMittal (0RP9)

Tipranks - Tipranks - Sat Apr 18, 10:32PM CDT

Barclays analyst Tom Zhang assigned a Hold rating to the stock yesterday. The company’s shares closed last Thursday at €53.44.

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According to TipRanks, Zhang is a 2-star analyst with an average return of 0.0% and a 56.35% success rate.

In addition to Barclays, ArcelorMittal also received a Hold from Goldman Sachs’s Matt Greene in a report issued on April 10. However, on April 16, Jefferies maintained a Buy rating on ArcelorMittal (LSE: 0RP9).

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0RP9 market cap is currently €38.89B 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.

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