price target of $10 to $12

argo Price $8.03

	Column 1	Column 2
0	Market cap	5.36B
1	P/E ratio (ttm)	26.61
2	Dividend yield	3.55%

Current return Comparison
Argo return is 3.55%
Median Bank cash deposits returns for 12 months 3.3%

Interest rates are going to fall  by about 1%, this will bring bank deposits down to 2% for 12 months deposits.
When bank deposits fall, investment funds have to look for better returns which will push up the  stock market.

Effect of bank returns falling to 2% on Argo share price
P/e ratio  of 40 is 2.5% return on investment.
Argo current  p/e ratio is 26.61 on earning of .30

.30 earning  x 40 price $12.00