Prudential Announces Share Buyback and Cancellation

The latest update is out from Prudential ( (GB:PRU) ).

Prudential plc announced the purchase of 1,492,519 of its ordinary shares through Barclays Capital Securities Limited on the London Stock Exchange, as authorized by shareholders at the 2025 AGM. The company plans to cancel these shares, reducing the total number of shares in issue to 2,600,735,404, which will affect the voting rights denominator for shareholders under FCA regulations. This move is part of Prudential’s strategy to manage its capital structure and could impact its market position by potentially increasing shareholder value.

The most recent analyst rating on (GB:PRU) stock is a Buy with a £10.60 price target. To see the full list of analyst forecasts on Prudential stock, see the GB:PRU Stock Forecast page.

Spark’s Take on GB:PRU Stock

According to Spark, TipRanks’ AI Analyst, GB:PRU is a Outperform.

Prudential’s stock benefits from strong financial performance, particularly in profitability and cash flow, alongside positive technical trends. Strategic corporate actions and fair valuation further bolster its investment case. However, revenue volatility and regulatory challenges are notable risks.

To see Spark’s full report on GB:PRU stock, click here.

More about Prudential

Prudential plc is a company that provides life and health insurance and asset management services across 24 markets in Asia and Africa. It aims to be a trusted partner by offering simple and accessible financial and health solutions. The company is listed on multiple stock exchanges, including the Hong Kong Stock Exchange, London Stock Exchange, Singapore Stock Exchange, and New York Stock Exchange.

Average Trading Volume: 8,074,637

Technical Sentiment Signal: Hold

Current Market Cap: £22.34B

For detailed information about PRU stock, go to TipRanks’ Stock Analysis page.