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The latest update is out from Downer EDI Limited ( (AU:DOW) ).
Downer EDI Limited has announced an update on its ongoing on-market buy-back program, reporting the purchase of 88,009 ordinary fully paid securities on the previous day, bringing the total number of securities bought back to 2,401,188. This buy-back initiative is part of the company’s strategy to optimize its capital structure and enhance shareholder value, reflecting a commitment to returning surplus capital to shareholders and potentially improving earnings per share.
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 engineering and infrastructure management services industry, providing integrated services in Australia and New Zealand. The company is involved in sectors such as transport, utilities, facilities, and mining, focusing on delivering sustainable and innovative solutions to its clients.
Average Trading Volume: 1,467,636
Technical Sentiment Signal: Buy
Current Market Cap: A$5.03B
For a thorough assessment of DOW stock, go to TipRanks’ Stock Analysis page.