RBC Capital Reiterates Market Perform Rating for Downer EDI Limited (DOW)
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 Sunday, June 29th. They now have a $6.04 price target on the stock, up previously from $6.02. Separately, analysts at Shaw Stockbroking reiterated a “hold” rating on shares of Downer EDI Limited in a research note on Friday, June 27th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of A$75.68 ($70.73).
Downer EDI Limited (ASX:DOW) traded down 0.87% on Friday, hitting A$4.540. The stock had a trading volume of 675,876 shares. Downer EDI Limited has a 52-week low of A$3.670 and a 52-week high of A$5.590. The stock’s 50-day moving average is A$4.82 and its 200-day moving average is A$4.93. The company has a market cap of A$1.974 billion and a P/E ratio of 10.46.
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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