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Prudential ( (GB:PRU) ) has provided an announcement.
Prudential plc announced the repurchase of 288,690 of its ordinary shares from Merrill Lynch International, following shareholder approval at the company’s 2025 Annual General Meeting. The shares were bought at an average price of £10.1849 and will be canceled, reducing the total number of shares in issue to 2,569,340,053. This transaction aligns with regulatory requirements and is part of Prudential’s strategy to manage its share capital effectively, potentially impacting shareholder value and market perception.
The most recent analyst rating on (GB:PRU) stock is a Buy with a £12.20 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 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 financial services company that provides life and health insurance as well as asset management services across Greater China, ASEAN, India, and Africa. The company aims to be a trusted partner by offering accessible financial and health solutions. It is listed on multiple stock exchanges, including Hong Kong, London, Singapore, and New York, and is part of several major stock indices and trading programs.
Average Trading Volume: 5,318,893
Technical Sentiment Signal: Buy
Current Market Cap: £25.1B
Find detailed analytics on PRU stock on TipRanks’ Stock Analysis page.