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Smiths Group plc ( (GB:SMIN) ) has issued an update.
Smiths Group plc announced the purchase of its own ordinary shares on the London Stock Exchange through J.P. Morgan Securities plc, as per instructions issued in November 2024. This transaction, involving the acquisition of 99,878 shares at a volume-weighted average price of approximately 2,046.7 GBp per share, is part of a broader strategy to manage the company’s capital effectively. The purchased shares will be canceled, potentially impacting the company’s market capitalization and signaling confidence in its financial health to stakeholders.
More about Smiths Group plc
Smiths Group plc is a global technology company that has been pioneering progress for over 170 years. It operates across four major markets: Energy, General Industry, Safety & Security, and Aerospace, with a focus on creating a safer, more efficient, and better-connected world. The company is listed on the London Stock Exchange and employs more than 15,000 people in over 50 countries.
YTD Price Performance: 17.98%
Average Trading Volume: 1,031,663
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £6.92B
Learn more about SMIN stock on TipRanks’ Stock Analysis page.
