Smiths Group plc ( (GB:SMIN) ) just unveiled an update.
Smiths Group plc announced the repurchase of its ordinary shares on the London Stock Exchange, executed by J.P. Morgan Securities plc. The transaction, part of a previously announced buyback program, involved the purchase of 99,235 shares at a volume-weighted average price of approximately 2,011 GBp. This move is aimed at reducing the company’s share capital, potentially enhancing shareholder value and reflecting confidence in the company’s financial health.
More about Smiths Group plc
Smiths Group plc is a global leader in engineering, providing innovative solutions across four major markets: Energy, General Industry, Safety & Security, and Aerospace. With over 170 years of history, the company employs more than 15,000 people in over 50 countries and is listed on the London Stock Exchange.
YTD Price Performance: 16.93%
Average Trading Volume: 1,166,409
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £6.77B
For an in-depth examination of SMIN stock, go to TipRanks’ Stock Analysis page.