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Smiths Group plc ( (GB:SMIN) ) has shared an update.
Smiths Group plc has announced the purchase and subsequent cancellation of 100,000 of its ordinary shares from J.P. Morgan Securities plc on the London Stock Exchange. This transaction, originally instructed in November 2024, aligns with Smiths Group’s strategic objectives under the Market Abuse Regulation. The buyback reflects the company’s commitment to optimizing its capital structure, potentially increasing shareholder value.
More about Smiths Group plc
Smiths Group plc is a renowned engineering company with a history of over 170 years, focusing on creating a safer, more efficient, and better-connected world. It operates across four key global markets: Energy, General Industry, Safety & Security, and Aerospace. The company is publicly listed on the London Stock Exchange and employs more than 15,000 people in over 50 countries.
YTD Price Performance: 18.32%
Average Trading Volume: 989,489
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £6.94B
For an in-depth examination of SMIN stock, go to TipRanks’ Stock Analysis page.
