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Goldman Sachs Remains a Hold on ArcelorMittal (0RP9)

Tipranks - Sat Feb 7, 1:54AM CST

Goldman Sachs analyst Matt Greene maintained a Hold rating on ArcelorMittal yesterday and set a price target of €36.00. The company’s shares closed yesterday at €49.01.

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Greene covers the Basic Materials sector, focusing on stocks such as Rio Tinto, Glencore, and Antofagasta. According to TipRanks, Greene has an average return of 10.1% and a 53.46% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ArcelorMittal with a €45.46 average price target, representing a -7.24% downside. In a report released today, Barclays also maintained a Hold rating on the stock with a €39.00 price target.

0RP9 market cap is currently €35.36B and has a P/E ratio of 12.99.

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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