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Downer EDI Limited ( (AU:DOW) ) has issued an announcement.
Downer EDI Limited has been selected as the preferred contractor to deliver road network maintenance on state highways across four NZ Transport Agency Waka Kotahi contracts, covering Central Waikato, Taranaki, Tairawhiti and Coastal Otago, with terms ranging from three to ten years starting in May 2026, subject to finalising contract terms. The company expects about NZD$870 million in revenue from the Taranaki and Tairawhiti contracts and the first five years of the Central Waikato and Coastal Otago agreements, with work including inspections, pavement and surfacing renewals, drainage and environmental maintenance, traffic services, structures upkeep and emergency response, reinforcing Downer’s position as a leading road services provider in New Zealand and deepening its long-standing relationship with NZTA in a way that should strengthen its role in critical transport infrastructure and support ongoing operational scale in the region.
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 is a leading provider of integrated services across Australia and New Zealand, delivering and maintaining essential infrastructure that supports communities, with operations spanning roads, rail, ports, airports, power, gas, water, telecommunications, energy networks, health, education, defence and other government sectors. The company’s services are underpinned by demand from energy transition, defence capability, government services and infrastructure expansion, and it is one of the region’s largest private sector employers with more than 26,000 staff.
Average Trading Volume: 1,262,598
Technical Sentiment Signal: Buy
Current Market Cap: A$5.26B
For an in-depth examination of DOW stock, go to TipRanks’ Overview page.