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Deutsche Bank Keeps Their Buy Rating on ArcelorMittal (0RP9)

Tipranks - Tipranks - Sat Feb 7, 2:58PM CST

Deutsche Bank analyst Bastian Synagowitz maintained a Buy rating on ArcelorMittal today and set a price target of €57.00.

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Synagowitz covers the Basic Materials sector, focusing on stocks such as Salzgitter, ArcelorMittal, and SSAB Corporation. According to TipRanks, Synagowitz has an average return of 12.9% and a 52.29% success rate on recommended stocks.

In addition to Deutsche Bank , ArcelorMittal also received a Buy from J.P. Morgan’s Dominic OKane in a report issued today. However, on the same day, Barclays maintained a Hold 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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