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Smiths Group plc ( (GB:SMIN) ) just unveiled an update.
Smiths Group plc has announced the purchase of its own shares on the London Stock Exchange through J.P. Morgan Securities plc, executed as per prior instructions. This buyback move, which involves the cancellation of purchased shares, is part of Smiths Group’s strategy to manage its capital structure effectively, potentially impacting shareholder value and reinforcing its market position.
More about Smiths Group plc
Smiths Group plc is a pioneering company with over 170 years of experience in smart engineering, operating across four major global markets: Energy, General Industry, Safety & Security, and Aerospace. With a workforce of more than 15,000 employees in over 50 countries, the company is listed on the London Stock Exchange.
YTD Price Performance: 0.76%
Average Trading Volume: 955,112
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £5.93B
Learn more about SMIN stock on TipRanks’ Stock Analysis page.
