Downer EDI Updates Market on Progress of On-Market Share Buy-Back
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Downer EDI Limited has updated the market on its on-market share buy-back program, reporting a total of 10,150,822 shares repurchased, with an additional 80,595 shares bought back recently. This update, dated May 11, 2026, is part of a routine notification to the ASX following a buy-back announced in August 2025. The ongoing buy-back reflects the company's capital management efforts, potentially enhancing earnings per share and demonstrating confidence in its valuation. The current analyst rating for Downer EDI (AU:DOW) is a Hold, with a price target of A$6.80.
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