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Smiths Group gains 20% upside potential after £2bn sale and £1.5bn buyback plan

Analyst Insights
01 Jul 2026
Proactive Investors
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Bullish
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Smiths Group is expected to see around 20% upside following the £2bn sale of its Detection division and a new £1.5bn share buyback plan. The sale to CVC generated over £1.9bn in net cash, exceeding guidance, and along with the Interconnect disposal, highlights strong management execution. Panmure Liberum maintained a Buy rating and raised earnings forecasts for 2027 and 2028, reflecting confidence in the streamlined business and lower share count. The buyback is set to complete mostly in 2027, supporting shareholder value.

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