Smiths Group plc ( (GB:SMIN) ) has provided an update.
Smiths Group plc announced the purchase of its own shares on the London Stock Exchange, facilitated by J.P. Morgan Securities plc. The transaction, initially instructed in November 2024, involved the acquisition of 100,000 shares at an average price of approximately 1,994 GBp per share. The company plans to cancel these shares, which may impact its share capital structure and potentially influence market perceptions of its financial health and strategic direction.
More about Smiths Group plc
Smiths Group plc is a global leader in engineering, operating for over 170 years and serving millions annually across four major markets: Energy, General Industry, Safety & Security, and Aerospace. Listed on the London Stock Exchange, the company employs more than 15,000 people in over 50 countries, focusing on creating a safer, more efficient, and better-connected world.
YTD Price Performance: 16.35%
Average Trading Volume: 1,194,363
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £6.78B
For a thorough assessment of SMIN stock, go to TipRanks’ Stock Analysis page.