Downer EDI Limited Rating Reiterated by Deutsche Bank (DOW)
Downer EDI Limited (ASX:DOW)‘s stock had its “buy” rating restated by equities researchers at Deutsche Bank in a research report issued on Sunday. They currently have a $6.04 price target on the stock, up from their previous price target of $6.02.
Shares of Downer EDI Limited (ASX:DOW) opened at 4.510 on Friday. Downer EDI Limited has a one year low of A$3.435 and a one year high of A$5.590. The stock’s 50-day moving average is A$5.0 and its 200-day moving average is 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 Shaw Stockbroking reiterated a “hold” rating on shares of Downer EDI Limited in a research note on Friday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently 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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