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Downer EDI Limited ( (AU:DOW) ) just unveiled an update.
Downer EDI Limited has secured a significant $3.05 billion contract with the Australian Department of Defence to provide base and estate services over an initial six-year term, potentially extending to ten years. This contract expands Downer’s geographical coverage and reinforces its long-standing partnership with Defence, enhancing its role in supporting Defence estates and leveraging a substantial supply chain to improve efficiencies and environmental outcomes.
The most recent analyst rating on (AU:DOW) stock is a Hold with a A$7.50 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, focusing on delivering and maintaining essential infrastructure. The company’s services are influenced by investments in energy transition, defence capability, government services, and infrastructure expansion. Downer operates in sectors such as roads, rail, ports, airports, power, gas, water, telecommunications, energy networks, health, education, and defence. It is one of the largest private sector employers in the region, with over 26,000 employees.
Average Trading Volume: 1,260,747
Technical Sentiment Signal: Buy
Current Market Cap: A$4.65B
For a thorough assessment of DOW stock, go to TipRanks’ Stock Analysis page.