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Prudential Announces Share Buyback and Cancellation

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Prudential Announces Share Buyback and Cancellation

TipRanks Black Friday Sale

Prudential ( (GB:PRU) ) just unveiled an update.

Prudential plc has repurchased 284,632 of its ordinary shares from Merrill Lynch International as part of a transaction authorized at the company’s 2025 Annual General Meeting. The repurchased shares will be canceled, reducing the total number of shares in issue to 2,556,648,421. This move is part of Prudential’s strategy to manage its share capital and could impact shareholder interests by altering voting rights and share value.

The most recent analyst rating on (GB:PRU) stock is a Buy with a £13.20 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 in regions including Greater China, ASEAN, India, 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 Stock Exchange, London Stock Exchange, Singapore Stock Exchange, and New York Stock Exchange.

Average Trading Volume: 5,865,515

Technical Sentiment Signal: Buy

Current Market Cap: £26.62B

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

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