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An update from Downer EDI Limited ( (AU:DOW) ) is now available.
Downer EDI Limited has announced an update on its ongoing on-market buy-back program, detailing the purchase of 198,161 ordinary fully paid securities on the previous day, adding to a total of 7,384,444 securities bought back prior. This buy-back initiative is part of the company’s capital management strategy, potentially impacting its share value and signaling confidence in its financial health to stakeholders.
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 sectors such as transportation, utilities, facilities, and asset services, delivering solutions across various market segments.
YTD Price Performance: 56.10%
Average Trading Volume: 1,421,184
Technical Sentiment Signal: Buy
Current Market Cap: A$5.23B
For an in-depth examination of DOW stock, go to TipRanks’ Overview page.