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The latest announcement is out from Downer EDI Limited ( (AU:DOW) ).
Downer EDI Limited has announced an update on its ongoing on-market buy-back program, reporting the purchase of 174,287 ordinary fully paid securities on the previous day, bringing the total number of securities bought back to 6,002,893. This buy-back initiative is part of the company’s strategy to manage its capital structure and return value to shareholders, potentially impacting its share price and market perception.
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. The company focuses on delivering services in sectors such as transport, utilities, facilities, and communications.
YTD Price Performance: 50.75%
Average Trading Volume: 1,470,046
Technical Sentiment Signal: Buy
Current Market Cap: A$5.07B
Find detailed analytics on DOW stock on TipRanks’ Stock Analysis page.