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Prudential ( (GB:PRU) ) has issued an announcement.
Prudential plc has repurchased 326,675 of its ordinary shares from Merrill Lynch International, with the intention to cancel them, as part of a buyback program authorized at its 2025 Annual General Meeting. This transaction, conducted in compliance with the London Stock Exchange and Hong Kong Code on Share Buy-Backs, will adjust the total number of voting rights to 2,583,429,380, potentially impacting shareholder interests and market positioning.
The most recent analyst rating on (GB:PRU) stock is a Buy with a £11.61 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 Hong Kong, London, Singapore, and New York, and is part of the Hang Seng Composite Index.
Average Trading Volume: 5,989,708
Technical Sentiment Signal: Hold
Current Market Cap: £23.18B
See more insights into PRU stock on TipRanks’ Stock Analysis page.