tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Prudential Cancels 330,946 Shares After Latest Buyback

Story Highlights
Prudential Cancels 330,946 Shares After Latest Buyback

Claim 70% Off TipRanks Premium

The latest announcement is out from Prudential ( (GB:PRU) ).

Prudential plc has repurchased 330,946 of its ordinary shares on 9 January 2026 through JP Morgan Securities plc, paying an average price of £11.5684 per share, with prices ranging between £11.4750 and £11.6300. The company intends to cancel the bought-back shares, reducing its share count to 2,546,907,837 and thereby slightly increasing existing shareholders’ proportional ownership and voting rights, while executing the transaction under both London Stock Exchange listing rules and Hong Kong share buy-back regulations, underscoring its ongoing capital management programme across its multiple listing venues.

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, 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 via ADRs, and is included in major Hong Kong equity indices and stock connect programmes, operating independently from similarly named Prudential entities in the US and UK.

Average Trading Volume: 5,235,635

Technical Sentiment Signal: Buy

Current Market Cap: £29.36B

Learn more about PRU stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1