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

Tipranks - Tipranks - Tue Feb 24, 9:24PM CST

Barclays analyst Tom Zhang maintained a Hold rating on ArcelorMittal yesterday. The company’s shares closed last Friday at €56.48.

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According to TipRanks, Zhang is a 2-star analyst with an average return of 0.4% and a 58.19% success rate. Zhang covers the Basic Materials sector, focusing on stocks such as Heidelberg Materials, Outokumpu Oyj, and voestalpine.

In addition to Barclays, ArcelorMittal also received a Hold from TipRanks – OpenAI’s OpenAI General GB in a report issued on February 7. However, on February 16, Morgan Stanley maintained a Buy rating on ArcelorMittal (LSE: 0RP9).

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The company has a one-year high of €56.76 and a one-year low of €20.54. Currently, ArcelorMittal has an average volume of 2.01M.

Based on the recent corporate insider activity of 12 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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