ArcelorMittal (0RP9): New Buy Recommendation for This Basic Materials Giant
Kepler Capital analyst Boris Bourdet maintained a Buy rating on ArcelorMittal (0RP9 – Research Report) on May 27 and set a price target of €41.50. The company's shares closed last Tuesday at €27.51.
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Bourdet covers the Industrials sector, focusing on stocks such as Salzgitter, thyssenkrupp, and Kloeckner & Co. SE. According to TipRanks, Bourdet has an average return of 8.6% and an 81.82% success rate on recommended stocks.
In addition to Kepler Capital , ArcelorMittal also received a Buy from Deutsche Bank 's Bastian Synagowitz in a report issued on May 27. However, on May 26, J.P. Morgan maintained a Hold rating on ArcelorMittal (LSE: 0RP9).
The company has a one-year high of €32.17 and a one-year low of €18.55. Currently, ArcelorMittal has an average volume of 483.5K.
Based on the recent corporate insider activity of 8 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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