DOW 0.88% $5.76 downer edi limited

Rerating now due?????

  1. 1,894 Posts.
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    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.
 
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