The stock of Argo Group Ltd (LON:ARGO) hit a new 52-week high and has GBX 31.86 target or 136.00% above today’s GBX 13.50 share price. The 5 months bullish chart indicates low risk for the GBX 6.51M company. The 1-year high was reported on Sep, 14 by Barchart.com. If the GBX 31.86 price target is reached, the company will be worth GBX 8.85M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock closed at GBX 13.5 during the last session. It is down 50.00% since February 12, 2016 and is uptrending. It has outperformed by 33.51% the S&P500.
Argo Group Limited is an investment company. The company has a market cap of 6.51 million GBP. The principal activity of the Company is that of a holding firm and the principal activity of the Company, along with its subsidiaries, is that of an investment management business. It has a 2.08 P/E ratio. The Firm operates through the asset management business segment.
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