What Does Downer EDI Limited’s (ASX:DOW) Share Price Indicate?
Downer EDI Limited (ASX:DOW), might not be a large cap stock, but it saw a double-digit share price rise of over 10% in the past couple of months on the ASX. The recent jump in the share price has meant that the company is trading around its 52-week high. As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock. However, what if the stock is still a bargain? Today we will analyse the most recent data on Downer EDI’s outlook and valuation to see if the opportunity still exists.
According to our price multiple model,…
