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Downer EDI Limited ( (AU:DOW) ) just unveiled an update.
Downer EDI Limited announced an update on its ongoing on-market buy-back program, reporting the repurchase of 176,732 ordinary fully paid securities on the previous day, bringing the total to 5,201,962 securities bought back to date. This buy-back initiative is part of the company’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 is a company operating in the engineering and infrastructure management services industry. It provides integrated services in Australia and New Zealand, focusing on transport, utilities, facilities, and asset services.
Average Trading Volume: 1,538,933
Technical Sentiment Signal: Buy
Current Market Cap: A$5.18B
Learn more about DOW stock on TipRanks’ Stock Analysis page.