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Downer EDI Limited ( (AU:DOW) ) has provided an update.
Downer EDI Limited has announced an update regarding its ongoing on-market buy-back program, with a total of 5,024,391 securities bought back before the previous day and an additional 177,571 securities acquired on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of outstanding shares, which can positively impact earnings per share and return on equity.
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 transport, utilities, facilities, and mining, offering solutions that enhance the efficiency and sustainability of infrastructure projects.
YTD Price Performance: 54.12%
Average Trading Volume: 1,532,702
Technical Sentiment Signal: Buy
Current Market Cap: A$5.18B
See more data about DOW stock on TipRanks’ Stock Analysis page.