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A statement released earlier today by Lake Street about Argan (NYSE:AGX) drops the target price to $56.00

Boasting a price of $68.75, Argan (NYSE:AGX) traded 0.30% higher on the day. With the last stock price close up 3.56% from the two hundred day average, compared with the S&P 500 Index which has maintained over the date range. Argan has recorded a 50-day average of $63.99 and a two hundred day average of $63.97. Volume of trade was down over the average, with 103,517 shares of AGX changing hands under the typical 125,878

In a statement issued on 12/07/2017 Lake Street lowered the target price of Argan (NYSE:AGX) from $71.00 to $56.00 stating a potential downside of -0.19%.

Recent Performance Chart

Argan (NYSE:AGX)

Argan has PE ratio of 12.21 with a one year low of $54.00 and a one year high of $76.70 and has a market capitalization of $0.

In addition to Lake Street reporting its target price, a total of 3 firms have reported on the stock. The average stock price target is $51.67 with 0 brokers rating the stock a strong buy, zero equity analysts rating the company a buy, zero brokerages rating the company a hold, zero brokerages rating the company a underperform, and lastly zero analysts rating the company a sell.

More About Argan (NYSE:AGX)

Argan, Inc. is a holding company. The Company conducts operations through its subsidiaries, Gemma Power Systems, LLC and affiliates (GPS), Atlantic Projects Company Limited (APC), Southern Maryland Cable, Inc. (SMC) and The Roberts Company (Roberts). Through GPS and APC, the Company's power industry services segment provides engineering, procurement, construction, commissioning, operations management, maintenance, development, technical and consulting services to the power generation and renewable energy markets. Through SMC, the telecommunications infrastructure services segment of the Company provides project management, construction, installation and maintenance services to commercial, local government and federal government customers. Through Roberts, the Company's industrial fabrication and field services segment produces, delivers and installs fabricated steel components specializing in pressure vessels and heat exchangers for industrial plants.

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