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Downer EDI Limited ( (AU:DOW) ) has provided an update.
Downer EDI Limited has announced an update on its ongoing on-market buy-back program, revealing that a total of 184,769 ordinary fully paid securities were bought back on the previous day, bringing the cumulative total to 6,500,287. 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 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 transport, utilities, facilities, and engineering.
YTD Price Performance: 56.70%
Average Trading Volume: 1,439,697
Technical Sentiment Signal: Buy
Current Market Cap: A$5.27B
For detailed information about DOW stock, go to TipRanks’ Stock Analysis page.