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ArcelorMittal (0RP9) Receives a Hold from Barclays

Tipranks - Tipranks - Wed Jul 8, 10:30PM CDT

In a report released yesterday, Amos Fletcher from Barclays maintained a Hold rating on ArcelorMittal. The company’s shares closed last Monday at €56.12.

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According to TipRanks, Fletcher is a 4-star analyst with an average return of 6.1% and a 57.19% success rate. Fletcher covers the Basic Materials sector, focusing on stocks such as Endeavour Mining, FRESNILLO, and BHP Group Ltd.

ArcelorMittal has an analyst consensus of Moderate Buy, with a price target consensus of €54.98.

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0RP9 market cap is currently €43.59B and has a P/E ratio of 16.97.

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.

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