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The latest update is out from Argo Investments Limited ( (AU:ARG) ).
Argo Investments Limited has released its estimated pre-tax net tangible asset (NTA) backing per share and share price as of Friday’s market close. The company highlights its diversified, low-cost, and internally managed investment approach, supported by a strong balance sheet with no debt, and an experienced board and management team. The announcement reinforces Argo’s commitment to providing fully-franked, sustainable dividends and a long-term, proven investment strategy, which is likely to maintain its strong position in the market and continue to benefit its shareholders.
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 one of Australia’s oldest and largest listed investment companies (LICs), founded in Adelaide in 1946. It is among the ASX’s top 100 companies, managing over $8 billion for approximately 90,000 shareholders.
YTD Price Performance: 7.02%
Average Trading Volume: 296,260
Technical Sentiment Signal: Buy
See more data about ARG stock on TipRanks’ Stock Analysis page.