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Smiths Group plc ( (GB:SMIN) ) has issued an announcement.
Smiths Group plc announced the repurchase of its ordinary shares on the London Stock Exchange, executed through HSBC Bank plc. The transaction, initially instructed in March 2025, involved the purchase of 75,462 shares at varying prices and venues, with plans to cancel the acquired shares. This move is part of Smiths Group’s ongoing strategy to manage its capital structure effectively, potentially impacting shareholder value and market perception.
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 is well-positioned with strong financial performance and positive technical indicators, supported by strategic corporate actions like share buybacks. While the valuation suggests potential overpricing, the company’s robust financial health and strategic buybacks enhance its attractiveness.
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, operating for over 170 years with a focus on creating a safer, more efficient, and better-connected world. The company serves four major global markets: Energy, General Industry, Safety & Security, and Aerospace, employing over 15,000 people across more than 50 countries.
Average Trading Volume: 1,175,189
Technical Sentiment Signal: Buy
Current Market Cap: £7.36B
For detailed information about SMIN stock, go to TipRanks’ Stock Analysis page.