Downer EDI Limited Rating Reiterated by CIMB (DOW)
Downer EDI Limited (ASX:DOW)‘s stock had its “add” rating reaffirmed by stock analysts at CIMB in a report issued on Wednesday, ARN reports. They currently have a $5.99 target price on the stock.
Downer EDI Limited (ASX:DOW) traded up 1.56% during mid-day trading on Wednesday, hitting A$5.220. The stock had a trading volume of 1,059,594 shares. Downer EDI Limited has a one year low of A$3.165 and a one year high of A$5.400. The stock has a 50-day moving average of A$4.98 and a 200-day moving average of A$4.89. The company has a market cap of A$2.269 billion and a price-to-earnings ratio of 11.74.
Downer EDI Limited provides engineering, construction and asset management services to customers in the Minerals & Metals, Oil & Gas, Power, Transport, Telecommunications, Water and Property sectors.
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