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Downer EDI Limited ( (AU:DOW) ) just unveiled an update.
Downer EDI Limited has announced an update on its ongoing on-market buy-back program, with a total of 116,022 ordinary fully paid securities bought back on the previous day, adding to the cumulative total of 7,665,674 securities repurchased. This buy-back initiative is part of the company’s strategy to optimize its capital structure and enhance shareholder value, reflecting a proactive approach to managing its financial resources and market positioning.
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 asset services, catering to both public and private clients.
Average Trading Volume: 1,407,317
Technical Sentiment Signal: Buy
Current Market Cap: A$5.23B
See more insights into DOW stock on TipRanks’ Stock Analysis page.