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Downer EDI Limited ( (AU:DOW) ) just unveiled an update.
Downer EDI Limited has announced a daily update on its ongoing on-market buy-back program, which involves the repurchase of its ordinary fully paid securities. As of the latest update, the company has bought back a total of 5,556,496 securities, including 177,802 on the previous day. This buy-back initiative is part of Downer EDI’s strategy to optimize its capital structure and potentially enhance shareholder value.
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 industry, providing integrated services in Australia and New Zealand. Its primary services include transport, utilities, facilities management, and engineering services, focusing on delivering sustainable solutions to its clients.
Average Trading Volume: 1,544,080
Technical Sentiment Signal: Buy
Current Market Cap: A$5.21B
For detailed information about DOW stock, go to TipRanks’ Stock Analysis page.