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UBS Reaffirms Their Hold Rating on ArcelorMittal (0RP9)

Tipranks - Tipranks - Thu Jul 9, 1:10AM CDT

UBS analyst Andrew Jones CFA maintained a Hold rating on ArcelorMittal today and set a price target of €59.00.

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According to TipRanks, Jones CFA is a 4-star analyst with an average return of 7.6% and a 65.38% success rate.

In addition to UBS, ArcelorMittal also received a Hold from Barclays’s Amos Fletcher in a report issued yesterday. However, on the same day, Deutsche Bank maintained a Buy rating on ArcelorMittal (LSE: 0RP9).

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The company has a one-year high of €62.60 and a one-year low of €26.35. Currently, ArcelorMittal has an average volume of 2.18M.

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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