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Downer EDI Limited ( (AU:DOW) ) has issued an announcement.
Downer EDI Limited has announced an update regarding its ongoing on-market buy-back program, with a total of 213,556 ordinary fully paid securities bought back on the previous day, adding to the 412,370 securities bought back before that. This buy-back initiative is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value, reflecting a proactive approach in managing its equity base.
The most recent analyst rating on (AU:DOW) stock is a Buy with a A$7.75 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 integrated services industry, providing a range of services including engineering, construction, and maintenance across sectors such as transport, utilities, and facilities management. The company is focused on delivering solutions that enhance the efficiency and sustainability of its clients’ operations.
YTD Price Performance: 43.23%
Average Trading Volume: 1,425,375
Technical Sentiment Signal: Buy
Current Market Cap: A$4.85B
Find detailed analytics on DOW stock on TipRanks’ Stock Analysis page.