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Prudential Cancels 300,000 Shares After Latest Buyback

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Prudential Cancels 300,000 Shares After Latest Buyback

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

Prudential plc has repurchased 300,151 of its ordinary shares on 29 January 2026 via JP Morgan Securities plc, paying an average price of £12.0514 per share, with prices ranging between £11.94 and £12.195. The company will cancel the repurchased shares, reducing its shares in issue and voting rights to 2,542,468,134, a move that marginally enhances earnings per share and may signal confidence in its valuation, while aligning with UK and Hong Kong share buy-back regulations and providing shareholders with an updated denominator for disclosure requirements.

The most recent analyst rating on (GB:PRU) stock is a Buy with a £1340.00 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 manager focused on Greater China, ASEAN, India and Africa, offering 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 via ADRs, and is included in major Hong Kong market indices and cross-border Stock Connect programmes. It is not affiliated with US-based Prudential Financial, Inc. or with The Prudential Assurance Company Limited of M&G plc.

Average Trading Volume: 5,054,586

Technical Sentiment Signal: Buy

Current Market Cap: £30.28B

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

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