Smiths Group Buys Back and Cancels Further Shares on London Market

Smiths Group plc ( (GB:SMIN) ) just unveiled an update.

Smiths Group plc has repurchased a total of 149,,000 of its ordinary shares on 27 January 2026 across multiple trading venues, at volume-weighted average prices of around 2,633–2,635 pence per share, under a previously announced share buyback instruction with HSBC Bank plc. The company plans to cancel the repurchased shares, effectively reducing its share capital, a move that typically supports earnings per share and signals ongoing capital return to shareholders, potentially reinforcing investor confidence in the group’s financial position and long-term strategy.

The most recent analyst rating on (GB:SMIN) stock is a Hold with a £2849.00 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 plc is a long-established industrial engineering company focused on the energy, industrial and construction sectors, developing products and solutions that help customers tackle challenges such as decarbonisation and rising process and energy efficiency demands. Listed on the London Stock Exchange, the group employs around 16,000 people across more than 50 countries.

Average Trading Volume: 1,214,417

Technical Sentiment Signal: Buy

Current Market Cap: £8.3B

Learn more about SMIN stock on TipRanks’ Stock Analysis page.