Smiths Group plc ( (GB:SMIN) ) has issued an announcement.
Smiths Group plc announced the repurchase of its own shares on the London Stock Exchange, purchasing a total of 99,023 shares at varying prices. This transaction, executed through J.P. Morgan Securities, is part of a previously announced buyback program aimed at optimizing the company’s capital structure. The repurchased shares will be canceled, which could potentially enhance shareholder value by reducing the number of outstanding shares.
More about Smiths Group plc
Smiths Group plc is a global leader in engineering, providing innovative solutions across four major markets: Energy, General Industry, Safety & Security, and Aerospace. With over 170 years of experience, the company is listed on the London Stock Exchange and employs more than 15,000 people in over 50 countries.
YTD Price Performance: 14.14%
Average Trading Volume: 1,239,100
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £6.61B
For a thorough assessment of SMIN stock, go to TipRanks’ Stock Analysis page.