The latest update is out from Smiths Group plc ( (GB:SMIN) ).
Smiths Group plc has executed a share buyback, purchasing 100,000 of its ordinary shares on the London Stock Exchange. This move, facilitated by J.P. Morgan Securities plc, is part of a strategic initiative announced in November 2024. The company plans to cancel these shares, which could potentially enhance shareholder value by reducing the number of shares outstanding.
More about Smiths Group plc
Smiths Group plc is a global leader in engineering, serving key markets such as Energy, General Industry, Safety & Security, and Aerospace. With a history spanning over 170 years, the company is dedicated to creating a safer, more efficient, and better-connected world. It employs over 15,000 people in more than 50 countries and is listed on the London Stock Exchange.
YTD Price Performance: 15.94%
Average Trading Volume: 1,238,306
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £6.69B
For detailed information about SMIN stock, go to TipRanks’ Stock Analysis page.