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Prudential Cancels 327,116 Shares After Latest Buyback Transaction

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Prudential Cancels 327,116 Shares After Latest Buyback Transaction

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

Prudential plc has repurchased 327,116 of its ordinary shares from JP Morgan Securities plc on 7 January 2026, at an average price of £11.7285 per share, under the shareholder authority granted at its 2025 AGM and an arrangement announced earlier in January. The company plans to cancel all the repurchased shares, reducing the number of shares in issue and voting rights to 2,547,570,060, a move that can enhance earnings per share and capital efficiency, and provides shareholders with an updated denominator for regulatory disclosure thresholds under UK and Hong Kong market rules.

The most recent analyst rating on (GB:PRU) stock is a Buy with a £13.20 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 company holds dual primary listings in Hong Kong and London, with additional listings in Singapore and New York via American Depositary Receipts, and is included in major Hong Kong and Stock Connect indices. It is not affiliated with US-based Prudential Financial, Inc. or The Prudential Assurance Company Limited of M&G plc.

Average Trading Volume: 5,250,778

Technical Sentiment Signal: Buy

Current Market Cap: £30.25B

Find detailed analytics on PRU stock on TipRanks’ Stock Analysis page.

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