Smiths Group plc ( (GB:SMIN) ) has shared an announcement.
Smiths Group plc announced the purchase and subsequent cancellation of its ordinary shares on the London Stock Exchange, executed through J.P. Morgan Securities plc. This move aligns with the company’s strategic financial management, potentially impacting shareholder value and market perception positively by reducing the number of shares outstanding.
More about Smiths Group plc
Smiths Group plc is a global leader in engineering, with a history spanning over 170 years. The company operates in four major markets: Energy, General Industry, Safety & Security, and Aerospace, employing more than 15,000 people across over 50 countries. Smiths Group is listed on the London Stock Exchange.
YTD Price Performance: 17.16%
Average Trading Volume: 1,133,273
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £6.84B
For detailed information about SMIN stock, go to TipRanks’ Stock Analysis page.