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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, revealing that a total of 207,240 ordinary fully paid securities were bought back on the previous day, adding to the cumulative total of 1,089,301 securities repurchased. This buy-back initiative is part of the company’s strategy to optimize its capital structure and deliver value to its shareholders, potentially impacting its market positioning and stakeholder interests positively.
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 sectors such as transport, utilities, facilities, and asset services, aiming to deliver sustainable solutions to its clients.
Average Trading Volume: 1,414,646
Technical Sentiment Signal: Buy
Current Market Cap: A$4.91B
For an in-depth examination of DOW stock, go to TipRanks’ Overview page.