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Prudential Cancels 316,603 Shares After Latest Buyback Transaction

Story Highlights
  • Prudential repurchased 316,603 ordinary shares from JP Morgan at an average 1,199p.
  • The cancelled shares cut total stock to about 2.55 billion, fine-tuning capital structure and EPS.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Prudential Cancels 316,603 Shares After Latest Buyback Transaction

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

Prudential plc has repurchased 316,603 of its ordinary shares on 6 January 2026 from JP Morgan Securities plc under its shareholder-approved buyback authority, paying an average price of 1,199.4781 pence per share. The company intends to cancel the repurchased stock, reducing the number of shares in issue and voting rights to 2,547,897,176, a move that marginally enhances earnings per share and underscores ongoing capital management efforts within the regulatory frameworks of both the London Stock Exchange and Hong Kong’s share buyback rules.

The most recent analyst rating on (GB:PRU) stock is a Buy with a £1400.00 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 insurance and asset management group focused on Greater China, ASEAN, India and Africa, providing simple and accessible financial and health solutions. The business 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 and Stock Connect indices; it is unrelated to US-based Prudential Financial, Inc. or The Prudential Assurance Company Limited of M&G plc.

Average Trading Volume: 5,195,240

Technical Sentiment Signal: Buy

Current Market Cap: £29.82B

For a thorough assessment of PRU stock, go to TipRanks’ Stock Analysis page.

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