Downer EDI Updates Market on Progress of On-Market Share Buy-Back

Downer EDI Limited ( (AU:DOW) ) has shared an announcement.

Downer EDI Limited has provided an update on its ongoing on-market share buy-back, covering its ordinary fully paid shares traded under the ASX code DOW. The company is required to lodge daily notifications with the exchange and has indicated this latest filing is an amendment to previous buy-back announcements.

According to the notification, Downer has repurchased a cumulative 9,938,926 shares prior to the most recent trading day and bought back a further 119,190 shares on the previous day. The continued execution of the buy-back signals ongoing capital management activity that can support earnings per share and may influence the liquidity and trading dynamics of DOW securities for existing shareholders.

The most recent analyst rating on (AU:DOW) stock is a Hold with a A$6.80 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, listed on the ASX under the code DOW, is an Australian company with ordinary fully paid shares on issue. It operates as a listed entity subject to ASX disclosure requirements and actively manages its capital structure through on-market share buy-back programs.

YTD Price Performance: -5.25%

Average Trading Volume: 1,369,856

Technical Sentiment Signal: Buy

Current Market Cap: A$4.9B

Find detailed analytics on DOW stock on TipRanks’ Stock Analysis page.