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Downer EDI Limited ( (AU:DOW) ) has provided an announcement.
Downer EDI Limited has announced an update regarding its ongoing on-market buy-back program. As of the latest update, the company has repurchased a total of 6,500,287 ordinary fully paid securities, including 177,283 securities bought back on the previous day. This buy-back initiative is part of Downer’s strategy to optimize its capital structure and enhance shareholder value, reflecting positively on its market positioning and operational focus.
The most recent analyst rating on (AU:DOW) stock is a Hold with a A$8.00 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 delivering solutions in transport, utilities, facilities, and asset services, catering to both public and private sector clients.
Average Trading Volume: 1,432,577
Technical Sentiment Signal: Buy
Current Market Cap: A$5.16B
For detailed information about DOW stock, go to TipRanks’ Stock Analysis page.