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Argo Investments Limited ( (AU:ARG) ) has provided an announcement.
Argo Investments Limited has announced it will conduct an on-market buy-back of its ordinary fully paid shares listed on the ASX under the code ARG. The move signals capital management intentions by the investment company, potentially enhancing earnings per share and net asset backing for remaining shareholders, and may be seen as a sign of confidence in the company’s valuation and long-term outlook.
The most recent analyst rating on (AU:ARG) stock is a Hold with a A$10.00 price target. To see the full list of analyst forecasts on Argo Investments Limited stock, see the AU:ARG Stock Forecast page.
More about Argo Investments Limited
Argo Investments Limited is an Australian-listed investment company that holds a diversified portfolio of Australian shares, offering investors exposure to a broad range of industries through a single ASX-listed security. Its primary activity is long-term investment in listed equities, aiming to provide shareholders with steady income and capital growth.
YTD Price Performance: 5.63%
Average Trading Volume: 283,456
Technical Sentiment Signal: Strong Buy
See more insights into ARG stock on TipRanks’ Stock Analysis page.