Shaw Stockbroking Reiterates “Hold” Rating for Downer EDI Limited (DOW)
Shares of Downer EDI Limited (ASX:DOW) traded down 1.74% on Friday, hitting A$4.510. The stock had a trading volume of 1,588,236 shares. Downer EDI Limited has a 52-week low of A$3.435 and a 52-week high of A$5.590. The stock has a 50-day moving average of A$5.0 and a 200-day moving average of A$4.93. The company has a market cap of A$1.961 billion and a P/E ratio of 10.48.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Downer EDI Limited in a research note on Friday, June 20th. They now have a $6.04 price target on the stock, up previously from $6.02. 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 given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target 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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