Smiths Group plc ( (GB:SMIN) ) has shared an announcement.
Smiths Group plc has repurchased a significant number of its ordinary shares on the London Stock Exchange, as part of a previously announced buyback program. The repurchased shares will be cancelled, a move that could potentially enhance shareholder value by reducing the number of shares outstanding and possibly increasing earnings per share.
More about Smiths Group plc
Smiths Group plc is a global leader in engineering, operating for over 170 years with a focus on creating a safer, more efficient, and better-connected world. The company serves four major global markets: Energy, General Industry, Safety & Security, and Aerospace, employing over 15,000 people in more than 50 countries.
YTD Price Performance: 14.95%
Average Trading Volume: 1,245,636
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £6.69B
For a thorough assessment of SMIN stock, go to TipRanks’ Stock Analysis page.