Smiths Group Advances Capital Return Strategy with Further Share Buyback and Cancellation

Smiths Group plc ( (GB:SMIN) ) has provided an announcement.

Smiths Group has continued its share buyback activity with the repurchase of 149,, over multiple trading venues including the London Stock Exchange and alternative platforms, at volume-weighted average prices around 2,530–2,533 pence per share. The company intends to cancel all of the shares acquired in this latest transaction, a move that will reduce its share count and can enhance earnings per share over time, signalling ongoing capital-return discipline to shareholders while potentially reinforcing its valuation in the market.

The most recent analyst rating on (GB:SMIN) stock is a Buy with a £30.00 price target. To see the full list of analyst forecasts on Smiths Group plc stock, see the GB:SMIN Stock Forecast page.

Spark’s Take on GB:SMIN Stock

According to Spark, TipRanks’ AI Analyst, GB:SMIN is a Neutral.

Smiths Group plc’s overall stock score reflects strong financial health and strategic initiatives to enhance shareholder value. However, technical indicators suggest bearish momentum, and the high P/E ratio indicates potential overvaluation. Positive earnings call and corporate events provide a supportive outlook.

To see Spark’s full report on GB:SMIN stock, click here.

More about Smiths Group plc

Smiths Group is a long-established industrial engineering company that operates in the energy, industrials and construction sectors, focusing on solving complex customer challenges related to decarbonisation and growing demand for process and energy efficiency. Listed on the London Stock Exchange, the group employs around 16,000 people in more than 50 countries and positions itself as a focused, efficient and value-creating business in attractive, growing market segments.

Average Trading Volume: 1,224,310

Technical Sentiment Signal: Buy

Current Market Cap: £8.23B

For an in-depth examination of SMIN stock, go to TipRanks’ Overview page.