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Deutsche Bank Reaffirms Their Buy Rating on ArcelorMittal (0RP9)
Deutsche Bank analyst Bastian Synagowitz maintained a Buy rating on ArcelorMittal today and set a price target of €57.00.
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According to TipRanks, Synagowitz is a 5-star analyst with an average return of 17.2% and a 54.94% success rate.
Currently, the analyst consensus on ArcelorMittal is a Moderate Buy with an average price target of €53.97.
0RP9 market cap is currently €41.55B and has a P/E ratio of 16.67.
Based on the recent corporate insider activity of 18 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.
Read More on GB:0RP9:
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- ArcelorMittal Buys Back 1.33 Million Shares in June Trading
- ArcelorMittal price target raised to $80 from $73 at BofA
- ArcelorMittal price target raised to EUR 67 from EUR 66 at Citi
- ArcelorMittal sells $667M stake in Vallourec, to return proceeds to shareholder
- ArcelorMittal price target raised to EUR 45 from EUR 44 at JPMorgan
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