Smiths Group Announces Share Repurchase and Cancellation

An update from Smiths Group plc ( (GB:SMIN) ) is now available.

Smiths Group plc announced the repurchase of its ordinary shares on the London Stock Exchange, executed through HSBC Bank plc. This transaction, initially instructed on 25 March 2025, involved purchasing a total of 55,577 shares at varying prices across different trading venues. The repurchased shares will be cancelled, a move likely aimed at optimizing the company’s capital structure and potentially enhancing shareholder value.

The most recent analyst rating on (GB:SMIN) stock is a Buy with a £2180.00 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 Outperform.

Smiths Group plc exhibits a strong financial foundation with robust revenue growth and efficient cash flow management. Strategic corporate actions, such as share buybacks and business focus shifts, enhance shareholder value and market position. Despite short-term technical caution, the company’s fair valuation and stable dividend yield make it a solid choice for investors seeking stability and growth potential in the industrial machinery sector.

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

More about Smiths Group plc

Smiths Group, with over 170 years of history, is a leader in engineering, serving global markets in 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.

Average Trading Volume: 1,410,459

Technical Sentiment Signal: Buy

Current Market Cap: £6.83B

For a thorough assessment of SMIN stock, go to TipRanks’ Stock Analysis page.