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Prudential ( (GB:PRU) ) has shared an update.
Prudential plc has repurchased 279,010 of its ordinary shares from Merrill Lynch International as part of a buyback program authorized by shareholders. The shares were bought at an average price of £10.7306 and will be canceled, reducing the total number of shares in issue to 2,557,811,025. This transaction is expected to impact the company’s share capital structure and is conducted in compliance with the London Stock Exchange’s Listing Rules and the Hong Kong Code on Share Buy-Backs.
The most recent analyst rating on (GB:PRU) stock is a Buy with a £12.60 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 overall stock score reflects strong financial performance and positive technical indicators. The company’s strategic investments and capital management plans are promising, despite challenges in certain markets and regulatory environments. The valuation remains attractive, supporting a favorable outlook.
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 Greater China, ASEAN, India, 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. Prudential is part of the Hang Seng Composite Index and participates in the Shenzhen-Hong Kong and Shanghai-Hong Kong Stock Connect programs.
Average Trading Volume: 5,831,280
Technical Sentiment Signal: Buy
Current Market Cap: £27.52B
See more data about PRU stock on TipRanks’ Stock Analysis page.