Smiths Group plc ( (GB:SMIN) ) has shared an update.
Smiths Group plc announced the purchase of its own shares on the London Stock Exchange, executed by J.P. Morgan Securities plc. The transaction, involving the acquisition of 100,000 shares, is part of a previously announced buyback program. This strategic move to cancel the purchased shares is likely aimed at optimizing the company’s capital structure and potentially enhancing shareholder value.
More about Smiths Group plc
Smiths Group plc is a global leader in engineering, serving millions of people annually across four major markets: Energy, General Industry, Safety & Security, and Aerospace. With over 170 years of history, the company is listed on the London Stock Exchange and employs more than 15,000 people in over 50 countries.
YTD Price Performance: 18.91%
Average Trading Volume: 1,065,784
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £6.94B
Learn more about SMIN stock on TipRanks’ Stock Analysis page.