Now that Downer has put the problems of the past behind it for a couple of years, and is looking like producing repeatably EPS of about 40c and annual divs of 24c FF, is it not now due for a rerating from a PE of about 10 (for a "troubled" or "unreliable" stock) to an average market PE of about 15?
PE of 15 would mean SP of $6 and div yield on that sp of 4% FF.
Rerating now due?????
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Last
$5.78 |
Change
0.060(1.05%) |
Mkt cap ! $3.626B | |||
| Open | High | Low | Value | Volume |
| $5.78 | $5.88 | $5.77 | $3.584M | 617.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 8576 | $5.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.80 | 9210 | 3 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| DOW (ASX) Chart |
