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ArcelorMittal (0RP9) Gets a Hold from J.P. Morgan

Tipranks - Tipranks - Fri Jul 31, 2:46PM CDT

J.P. Morgan analyst Dominic OKane maintained a Hold rating on ArcelorMittal today and set a price target of €57.00.

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OKane covers the Basic Materials sector, focusing on stocks such as Rio Tinto, Glencore, and BHP Group Ltd. According to TipRanks, OKane has an average return of 3.5% and a 55.69% success rate on recommended stocks.

ArcelorMittal has an analyst consensus of Moderate Buy, with a price target consensus of €60.57.

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0RP9 market cap is currently €43.93B and has a P/E ratio of 17.52.

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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