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A statement released earlier today by Lake Street about Argan (NYSE:AGX) ups the target price to $71.00

Just yesterday Argan (NYSE:AGX) traded 0.30% higher at $61.45. Argan’s 50-day moving average is $63.99 and its 200-day moving average is $63.97. The last stock price is down 3.56% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the same time period. 103,517 shares of AGX traded hands, down from an average trading volume of 125,878

In a report released on 6/08/2017 Lake Street increased the stock price target of Argan (NYSE:AGX) from $70.00 to $71.00 reporting a possible upside of 0.16%.

Recent Performance Chart

Argan (NYSE:AGX)

Argan has 52 week low of $54.00 and a 52 week high of $76.70 with a PE ratio of 12.21 and has a market capitalization of $0.

In addition to Lake Street reporting its stock price target, a total of 3 brokerages have issued a ratings update on the company. The average stock price target is $51.67 with 0 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 0 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On 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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