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Barclays Sticks to Their Buy Rating for ArcelorMittal (0RP9)

Tipranks - Tipranks - Wed Aug 5, 1:26AM CDT

In a report released today, Amos Fletcher from Barclays maintained a Buy rating on ArcelorMittal, with a price target of €75.00.

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According to TipRanks, Fletcher is a 4-star analyst with an average return of 5.8% and a 57.01% success rate. Fletcher covers the Basic Materials sector, focusing on stocks such as Endeavour Mining, Rio Tinto, and Vale SA.

In addition to Barclays, ArcelorMittal also received a Buy from Jefferies’s Cole Hathorn in a report issued yesterday. However, on July 31, UBS maintained a Hold rating on ArcelorMittal (LSE: 0RP9).

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0RP9 market cap is currently €45.18B and has a P/E ratio of 22.53.

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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