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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, detailing the acquisition of 208,482 ordinary fully paid securities on the previous day, adding to a total of 5,794,411 securities bought back before that day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value, reflecting a proactive approach in optimizing its financial operations.
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 across various sectors, including transportation, utilities, and facilities management.
YTD Price Performance: 50.75%
Average Trading Volume: 1,470,046
Technical Sentiment Signal: Buy
Current Market Cap: A$5.07B
See more data about DOW stock on TipRanks’ Stock Analysis page.