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Downer EDI Limited ( (AU:DOW) ) has shared an update.
Downer EDI Limited has announced an update regarding its ongoing share 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 6,877,085 securities, with an additional 192,749 securities repurchased on the previous day. This buy-back initiative is part of Downer EDI’s strategy to optimize its capital structure and potentially enhance shareholder value by reducing the number of shares outstanding.
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 sectors such as transportation, utilities, facilities, and engineering, delivering solutions that enhance the efficiency and sustainability of its clients’ operations.
Average Trading Volume: 1,472,822
Technical Sentiment Signal: Buy
Current Market Cap: A$5.22B
See more insights into DOW stock on TipRanks’ Stock Analysis page.