Downer EDI Limited Stock Rating Reaffirmed by Deutsche Bank (DOW)
Downer EDI Limited (ASX:DOW)‘s stock had its “buy” rating reiterated by stock analysts at Deutsche Bank in a report issued on Friday. They currently have a $6.04 target price on the stock, up from their previous target price of $6.02.
Shares of Downer EDI Limited (ASX:DOW) traded down 2.89% on Friday, hitting A$4.370. The stock had a trading volume of 3,749,881 shares. Downer EDI Limited has a one year low of A$3.310 and a one year high of A$5.590. The stock’s 50-day moving average is A$5.12 and its 200-day moving average is A$4.94. The company has a market cap of A$1.900 billion and a price-to-earnings ratio of 10.27.
Several other analysts have also recently commented on the stock. Analysts at Shaw Stockbroking reiterated a “hold” rating on shares of Downer EDI Limited in a research note on Thursday. Finally, analysts at CIMB reiterated an “add” rating on shares of Downer EDI Limited in a research note on Wednesday, April 23rd. They now have a $5.99 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Downer EDI Limited currently has an average rating of “Buy” and a consensus target price of A$75.68 ($71.39).
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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