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Analysts Offer Insights on Materials Companies: Yara International (GB:0O7D), Rio Tinto (GB:RIO) and ArcelorMittal (GB:0RP9)

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Yara International (GB:0O7DResearch Report), Rio Tinto (GB:RIOResearch Report) and ArcelorMittal (GB:0RP9Research Report).

Yara International (GB:0O7D)

Jefferies analyst Charles Bentley, CFA maintained a Sell rating on Yara International yesterday and set a price target of NOK280.00. The company’s shares closed yesterday at NOK332.09.

CFA has an average return of 10.9% when recommending Yara International.

According to TipRanks.com, CFA is ranked #7716 out of 8783 analysts.

Yara International has an analyst consensus of Moderate Buy, with a price target consensus of NOK380.00.

See today’s best-performing stocks on TipRanks >>

Rio Tinto (GB:RIO)

In a report released yesterday, Amos Fletcher from Barclays maintained a Buy rating on Rio Tinto, with a price target of £60.00. The company’s shares closed last Wednesday at p5411.00.

According to TipRanks.com, Fletcher is a 2-star analyst with an average return of -0.1% and a 54.7% success rate. Fletcher covers the Basic Materials sector, focusing on stocks such as BHP Group Ltd, FRESNILLO, and Vale SA.

Rio Tinto has an analyst consensus of Moderate Buy, with a price target consensus of p6007.14, implying a 12.5% upside from current levels. In a report issued on April 4, Deutsche Bank also maintained a Buy rating on the stock with a p6000.00 price target.

ArcelorMittal (GB:0RP9)

ArcelorMittal received a Hold rating and a EUR29.00 price target from Deutsche Bank analyst Bastian Synagowitz yesterday. The company’s shares closed yesterday at EUR23.85.

Synagowitz has an average return of 6.4% when recommending ArcelorMittal.

According to TipRanks.com, Synagowitz is ranked #1759 out of 8783 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ArcelorMittal with an EUR29.29 average price target, implying a 17.2% upside from current levels. In a report issued on April 9, Bank of America Securities also reiterated a Hold rating on the stock with a EUR29.00 price target.

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