Prudential Announces Share Buyback to Optimize Capital Structure

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

Prudential plc announced the repurchase of 300,532 of its ordinary shares from Merrill Lynch International, as part of a buyback program authorized at the company’s 2025 Annual General Meeting. The repurchased shares, bought at an average price of £9.7978, will be canceled, reducing the total number of shares in issue to 2,574,944,603. This transaction is expected to streamline the company’s capital structure and potentially enhance shareholder value by reducing the number of shares outstanding.

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. The company aims to be a trusted partner by offering simple and accessible financial and health solutions. Prudential has dual primary listings on the Hong Kong and London Stock Exchanges, with secondary listings in Singapore and New York. It is part of the Hang Seng Composite Index and participates in the Shenzhen-Hong Kong and Shanghai-Hong Kong Stock Connect programmes.

Average Trading Volume: 5,200,335

Technical Sentiment Signal: Buy

Current Market Cap: £24.99B

See more insights into PRU stock on TipRanks’ Stock Analysis page.