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Smiths Group plc ( (GB:SMIN) ) has shared an announcement.
Smiths Group plc announced the repurchase of its ordinary shares on the London Stock Exchange, a move executed through J.P. Morgan Securities plc. The repurchase, initially instructed in November 2024, involved buying back shares at varying prices and volumes, which will be subsequently canceled. This action aligns with the company’s strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of outstanding shares.
More about Smiths Group plc
Smiths Group plc is a pioneering engineering company with a history spanning over 170 years. It operates across four major global markets: Energy, General Industry, Safety & Security, and Aerospace. Listed on the London Stock Exchange, the company employs more than 15,000 people in over 50 countries, focusing on creating a safer, more efficient, and better-connected world.
YTD Price Performance: 8.32%
Average Trading Volume: 988,973
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £6.36B
For an in-depth examination of SMIN stock, go to TipRanks’ Stock Analysis page.
