Prudential Cancels 283,602 Shares After Latest Buyback Transaction

The latest update is out from Prudential ( (GB:PRU) ).

Prudential plc has repurchased 283,602 of its 5 pence ordinary shares on 28 January 2026 from JP Morgan Securities plc as part of its ongoing share buyback authority granted at the 2025 AGM, paying an average price of £11.9196 per share within a range of £11.8250 to £12.0250. The company intends to cancel the repurchased shares, reducing its share count to 2,542,768,285 and confirming the same number of voting rights, a move that marginally enhances earnings per share and may signal continued management confidence while aligning with regulatory requirements in both London and Hong Kong markets.

The most recent analyst rating on (GB:PRU) stock is a Buy with a £1409.00 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 is driven by strong earnings performance and strategic corporate actions, including share buybacks and executive share acquisitions. While financial performance shows strengths in profitability and cash flow, revenue volatility and equity declines pose risks. The stock’s technical indicators and valuation suggest potential for growth, supported by strategic investments and market expansions.

To see Spark’s full report on GB:PRU stock, click here.

More about Prudential

Prudential plc is a life and health insurer and asset management group focused on Greater China, ASEAN, India and Africa, providing simple and accessible financial and health solutions. The group is dual-listed in Hong Kong and London, with additional listings in Singapore and New York, and is included in key Hong Kong and mainland China stock connect programmes, reflecting its positioning as a major regional and international financial services provider. Prudential is distinct from US-based Prudential Financial, Inc. and from The Prudential Assurance Company Limited of M&G plc in the UK.

Average Trading Volume: 4,993,651

Technical Sentiment Signal: Buy

Current Market Cap: £29.45B

See more data about PRU stock on TipRanks’ Stock Analysis page.