Smiths Group plc ( (GB:SMIN) ) has provided an announcement.
Smiths Group plc announced the repurchase of its ordinary shares on the London Stock Exchange, executed through J.P. Morgan Securities plc, as part of a previously declared buyback program. The company plans to cancel these shares, a move that could impact its capital structure and shareholder value, reflecting a strategic decision to optimize its financial operations.
More about Smiths Group plc
Smiths Group plc is a global leader in engineering solutions, serving key markets such as Energy, General Industry, Safety & Security, and Aerospace. With over 170 years of history, the company is known for its innovative engineering that enhances safety, efficiency, and connectivity worldwide. Smiths Group is listed on the London Stock Exchange and employs more than 15,000 people across over 50 countries.
YTD Price Performance: 17.16%
Average Trading Volume: 1,133,273
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £6.84B
For a thorough assessment of SMIN stock, go to TipRanks’ Stock Analysis page.