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The latest update is out from Downer EDI Limited ( (AU:DOW) ).
Downer EDI Limited has announced an update on its on-market buy-back program, revealing that a total of 117,249 ordinary fully paid securities were bought back on the previous day, adding to the cumulative total of 972,052 securities repurchased prior to that day. This buy-back initiative is part of the company’s strategy to optimize its capital structure and enhance shareholder value, potentially impacting its market positioning by signaling confidence in its financial health and future prospects.
The most recent analyst rating on (AU:DOW) stock is a Buy with a A$7.75 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 services across various sectors, including transportation, utilities, facilities, and asset management.
Average Trading Volume: 1,424,580
Technical Sentiment Signal: Buy
Current Market Cap: A$4.9B
See more insights into DOW stock on TipRanks’ Stock Analysis page.