Downer EDI Limited Receives Market Perform Rating from RBC Capital (DOW)
Downer EDI Limited (ASX:DOW) opened at 4.550 on Friday. 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$4.71 and its 200-day moving average is A$4.92. The company has a market cap of A$1.978 billion and a price-to-earnings ratio of 10.32.
A number of other analysts have also recently weighed in on DOW. 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 two have given a buy rating to the stock. The company has an average rating of “Hold” and an average 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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