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

Tipranks - Tipranks - Sat Feb 7, 2:26AM CST

Barclays analyst Tom Zhang maintained a Hold rating on ArcelorMittal today and set a price target of €39.00.

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According to TipRanks, Zhang is a 3-star analyst with an average return of 1.6% and a 58.93% success rate. Zhang covers the Basic Materials sector, focusing on stocks such as Heidelberg Materials, Holcim, and Vicat SA.

In addition to Barclays, ArcelorMittal also received a Hold from UBS’s Andrew Jones CFA in a report issued yesterday. However, today, J.P. Morgan maintained a Buy rating on ArcelorMittal (LSE: 0RP9).

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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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