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ArcelorMittal (0RP9) was downgraded to a Sell Rating at J.P. Morgan

Tipranks - Tue Mar 10, 4:50AM CDT

ArcelorMittal received a Sell rating and a €40.00 price target from J.P. Morgan analyst Dominic OKane today.

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According to TipRanks, OKane is a 4-star analyst with an average return of 4.6% and a 59.00% success rate. OKane covers the Basic Materials sector, focusing on stocks such as Rio Tinto, Salzgitter, and voestalpine.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ArcelorMittal with a €50.89 average price target.

0RP9 market cap is currently €35.63B and has a P/E ratio of 10.68.

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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