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An update from Argo Investments Limited ( (AU:ARG) ) is now available.
Argo Investments Limited has announced an update on its ongoing on-market buy-back program, revealing that a total of 110,452 ordinary fully paid securities were bought back on the previous day, adding to the cumulative total of 552,909 securities repurchased. This buy-back initiative is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value by reducing the number of outstanding shares.
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 operates in the financial investment industry, focusing primarily on managing a diversified portfolio of Australian equities. The company provides investment services aimed at delivering long-term capital growth and income to its shareholders.
Average Trading Volume: 286,676
Technical Sentiment Signal: Strong Buy
Learn more about ARG stock on TipRanks’ Stock Analysis page.