Argo Investments Limited traded at 8.60 this Wednesday April 1st, increasing 0.08 or 0.94 percent since the previous trading session. Looking back, over the last four weeks, Argo Investments gained 4.97 percent. Over the last 12 months, its price fell by 1.26 percent. Looking ahead, we forecast Argo Investments Limited to be priced at 8.37 by the end of this quarter and at 7.84 in one year, according to Trading Economics global macro models projections and analysts expectations.
Argo Investments Limited is an Australia-based listed investment company (LIC). The Company manages a diversified portfolio of Australian shares with an internally managed business model. The principal activities of the Company include the investment of funds in Australian listed securities and short-term interest-bearing securities. Its investment objective is to maximize long-term shareholder returns through reliable fully franked dividend income and capital growth. Its investment portfolio comprises approximately 90 Australian companies from across a range of industries. Its portfolio includes investments in various sectors, such as materials, other financials, banks, healthcare, consumer staples, industrials, energy, consumer discretionary, property, utilities, listed investment companies, and others. Its subsidiary, Argo Service Company Pty Ltd, is engaged in providing investment management and administration operations for the Company.