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Downer EDI Limited ( (AU:DOW) ) has shared an announcement.
Downer EDI Limited has announced an update regarding its ongoing on-market buy-back program, with a total of 3,506,964 securities bought back before the previous day and an additional 197,944 securities acquired on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure effectively, potentially enhancing shareholder value and reflecting confidence in its financial position.
The most recent analyst rating on (AU:DOW) stock is a Buy with a A$7.75 price target. To see the full list of analyst forecasts on Downer EDI Limited stock, see the AU:DOW Stock Forecast page.
More about Downer EDI Limited
Downer EDI Limited operates in the engineering and infrastructure management services industry, providing integrated services in Australia and New Zealand. The company focuses on sectors such as transport, utilities, facilities, and mining, offering solutions that enhance asset performance and productivity.
YTD Price Performance: 49.17%
Average Trading Volume: 1,479,660
Technical Sentiment Signal: Buy
Current Market Cap: A$5.03B
For detailed information about DOW stock, go to TipRanks’ Stock Analysis page.