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Ubique Asset Management Reduces Stake in Downer EDI Limited

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Ubique Asset Management Reduces Stake in Downer EDI Limited

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

Ubique Asset Management Pty Ltd has reduced its substantial holding in Downer EDI Limited, decreasing its voting power from 9.69% to 8.49% through market trading and client-specific transfers. This change in shareholding could impact Downer’s market positioning and influence in shareholder decisions, reflecting a shift in stakeholder interests.

The most recent analyst rating on (AU:DOW) stock is a Hold with a A$5.77 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 services across sectors such as transportation, utilities, facilities, and asset management.

YTD Price Performance: 19.03%

Average Trading Volume: 1,087,142

Technical Sentiment Signal: Buy

Current Market Cap: A$4.11B

For detailed information about DOW stock, go to TipRanks’ Stock Analysis page.

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