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Smiths Group plc ( (GB:SMIN) ) has issued an update.
Smiths Group plc announced the repurchase of its ordinary shares from J.P. Morgan Securities plc on the London Stock Exchange, with the shares to be subsequently canceled. This move is part of their strategic efforts to manage the company’s capital structure, potentially enhancing shareholder value and demonstrating the company’s confidence in its financial health and future growth prospects.
More about Smiths Group plc
Smiths Group plc is a company with over 170 years of history in smarter engineering, serving major global markets including Energy, General Industry, Safety & Security, and Aerospace. The company is listed on the London Stock Exchange and employs more than 15,000 people across over 50 countries.
YTD Price Performance: 1.45%
Average Trading Volume: 1,003,195
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £5.98B
For detailed information about SMIN stock, go to TipRanks’ Stock Analysis page.
