Smiths Group plc ( (GB:SMIN) ) has provided an update.
Smiths Group plc announced the repurchase of its ordinary shares from J.P. Morgan Securities plc, as part of a previously issued instruction. The company intends to cancel these shares, which is a strategic move that could impact its market positioning by potentially increasing shareholder value and optimizing capital structure.
More about Smiths Group plc
Smiths Group plc is a global leader in engineering, serving millions annually across four major markets: Energy, General Industry, Safety & Security, and Aerospace. With over 170 years of history, the company is listed on the London Stock Exchange and employs more than 15,000 people in over 50 countries.
YTD Price Performance: 16.93%
Average Trading Volume: 1,249,415
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £6.8B
See more data about SMIN stock on TipRanks’ Stock Analysis page.