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Prudential Cancels 301,246 Shares Following Latest Buyback Transaction

Story Highlights
  • Prudential repurchased 301,246 ordinary shares from JP Morgan Securities on 26 January 2026.
  • The repurchased shares will be cancelled, reducing total shares and voting rights to 2.54 billion.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Prudential Cancels 301,246 Shares Following Latest Buyback Transaction

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

Prudential plc has repurchased 301,246 of its ordinary shares on 26 January 2026 from JP Morgan Securities plc as part of its ongoing share buyback programme authorised at its 2025 AGM, paying an average price of £11.6133 per share within a range of £11.5550 to £11.6600. The company intends to cancel the repurchased shares, reducing its share count to 2,543,315,600 and setting the same figure as the total number of voting rights, a move that marginally enhances remaining shareholders’ proportional ownership and may support capital management objectives while complying with both London Stock Exchange listing rules and the Hong Kong Code on Share Buy-Backs.

The most recent analyst rating on (GB:PRU) stock is a Buy with a £1370.00 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, providing simple and accessible financial and health solutions. The group has dual primary listings in Hong Kong and London, with additional listings in Singapore and New York, and is included in major Hong Kong equity indices and Stock Connect programmes. It is not affiliated with Prudential Financial, Inc. in the US or The Prudential Assurance Company Limited, a subsidiary of M&G plc in the UK.

Average Trading Volume: 4,974,451

Technical Sentiment Signal: Buy

Current Market Cap: £29.45B

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

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