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Downer EDI Limited ( (AU:DOW) ) has issued an announcement.
Downer EDI Limited has announced a daily update on its ongoing on-market buy-back program, with a total of 169,716 ordinary fully paid securities bought back on the previous day, adding to the cumulative total of 3,838,622 securities repurchased. This buy-back initiative is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value by reducing the number of shares outstanding.
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 infrastructure and 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 both public and private sectors.
Average Trading Volume: 1,503,807
Technical Sentiment Signal: Buy
Current Market Cap: A$5.14B
For a thorough assessment of DOW stock, go to TipRanks’ Stock Analysis page.