tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Smiths Group Executes Share Buyback Program

Story Highlights
Smiths Group Executes Share Buyback Program

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

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

Smiths Group plc announced the purchase of its own shares on the London Stock Exchange, executed through HSBC Bank plc, as part of a previously announced buyback program. The purchased shares will be canceled, which may impact the company’s stock value and shareholder equity, reflecting a strategic move to optimize capital structure and enhance shareholder returns.

The most recent analyst rating on (GB:SMIN) stock is a Buy with a £2634.00 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’s strong financial performance and strategic corporate actions, such as share buybacks, significantly bolster its stock score. However, the high P/E ratio suggests a relatively expensive valuation, which slightly tempers the overall score.

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

More about Smiths Group plc

Smiths Group is a global leader in engineering, serving markets such as Energy, General Industry, Safety & Security, and Aerospace. With over 170 years of history, the company employs more than 15,000 people in over 50 countries and is listed on the London Stock Exchange.

Average Trading Volume: 908,259

Technical Sentiment Signal: Buy

Current Market Cap: £7.7B

For detailed information about SMIN stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1