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The latest announcement is out from Downer EDI Limited ( (AU:DOW) ).
Downer EDI Limited has announced an update regarding its ongoing on-market buy-back program, which involves the repurchase of its ordinary fully paid securities. As of the latest update, the company has bought back a total of 6,177,180 securities, with an additional 145,824 securities repurchased on the previous day. This buy-back initiative is part of Downer’s strategy to optimize its capital structure and enhance shareholder value, reflecting a proactive approach to managing its financial resources.
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 services across various sectors including transportation, utilities, facilities, and communications.
Average Trading Volume: 1,474,530
Technical Sentiment Signal: Buy
Current Market Cap: A$5.16B
See more insights into DOW stock on TipRanks’ Stock Analysis page.