Prudential Announces Share Buyback and Cancellation

Prudential ( (GB:PRU) ) has issued an announcement.

Prudential plc has repurchased 307,635 of its ordinary shares from Merrill Lynch International, with the intention to cancel them, as part of a buyback program authorized at the 2025 Annual General Meeting. This transaction, conducted under the London Stock Exchange’s Listing Rules and the Hong Kong Code on Share Buy-Backs, will adjust the total number of shares and voting rights to 2,575,546,513, potentially impacting shareholder interests and company valuation.

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

Average Trading Volume: 5,425,082

Technical Sentiment Signal: Buy

Current Market Cap: £24.65B

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