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Downer EDI Limited ( (AU:DOW) ) just unveiled an update.
Downer EDI Limited 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 7,899,252 securities prior to the previous day, with an additional 123,375 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 the company’s commitment to returning capital to its investors.
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 in transport, utilities, facilities, and asset services, catering to a diverse range of sectors including transportation, energy, and telecommunications.
Average Trading Volume: 1,387,473
Technical Sentiment Signal: Buy
Current Market Cap: A$5.26B
Find detailed analytics on DOW stock on TipRanks’ Stock Analysis page.