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Prudential ( (GB:PRU) ) just unveiled an announcement.
Prudential plc has repurchased 313,214 of its ordinary shares from JP Morgan Securities plc under its shareholder-approved buyback programme, paying an average price of £11.7407 per share within a range of £11.6750 to £11.8400. The company intends to cancel the repurchased shares, reducing the total number of shares in issue and voting rights to 2,546,268,935, a move that marginally enhances earnings per share and signals continued capital management discipline across its Hong Kong and London listings, while providing an updated denominator for investors’ regulatory disclosure obligations.
The most recent analyst rating on (GB:PRU) stock is a Buy with a £1270.00 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 has dual primary listings in Hong Kong and London, with additional listings in Singapore and New York via ADRs, and is included in major Hong Kong indices and Stock Connect programmes. Prudential is unaffiliated with U.S.-based Prudential Financial, Inc. and The Prudential Assurance Company Limited of M&G plc in the UK.
Average Trading Volume: 5,216,217
Technical Sentiment Signal: Buy
Current Market Cap: £29.36B
Find detailed analytics on PRU stock on TipRanks’ Stock Analysis page.