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The latest announcement is out from Smiths Group plc ( (GB:SMIN) ).
Smiths Group plc announced the repurchase of its ordinary shares on the London Stock Exchange, as per their previous instructions to J.P. Morgan Securities plc. The shares were bought at an average price of 1,851.9313 GBp and 1,851.8649 GBp on 29 January 2025, with plans for these shares to be canceled. This transaction is part of their strategic approach to optimize capital structure and shareholder value, potentially impacting the company’s market positioning positively.
More about Smiths Group plc
Smiths Group plc is a global leader in engineering, operating across four major markets: Energy, General Industry, Safety & Security, and Aerospace. The company, which has been in operation for over 170 years, is listed on the London Stock Exchange and employs more than 15,000 people in over 50 countries, offering products that enhance safety, efficiency, and connectivity worldwide.
YTD Price Performance: 7.50%
Average Trading Volume: 1,018,584
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £6.3B
Find detailed analytics on SMIN stock on TipRanks’ Stock Analysis page.
