Smiths Group Plc (SMIN) Kicks Off £1bn Buyback Tranche as Analysts Warm Up – 27 November 2025
Smiths Group began the first tranche of its £1 billion share buyback, targeting up to £600 million in ordinary shares for cancellation by July 2026. HSBC will manage the repurchases under authority granted at the 19 November AGM. Shares traded at 2,438p Thursday, valuing the group at £7.9 billion. Analyst sentiment has improved, with Citi raising its price target to £29.