tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Prudential Cancels 339,750 Shares After Latest Buyback Transaction

Story Highlights
  • Prudential repurchased 339,750 shares at an average £11.68 under its buyback programme.
  • The cancelled shares reduce the share count to about 2.54 billion, modestly boosting EPS.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Prudential Cancels 339,750 Shares After Latest Buyback Transaction

Claim 50% Off TipRanks Premium

An update from Prudential ( (GB:PRU) ) is now available.

Prudential plc has repurchased 339,750 of its own ordinary shares on 21 January 2026 from JP Morgan Securities plc at an average price of £11.6798 per share, as part of an existing buyback arrangement authorised at its 2025 AGM. The company intends to cancel the repurchased shares, leaving 2,544,309,912 shares in issue and voting rights outstanding, a move that marginally enhances earnings per share and signals ongoing capital management discipline, while providing shareholders with updated reference figures 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 £1371.00 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 is dual-listed in Hong Kong and London, with additional listings in Singapore and New York via ADRs, and is included in key Hong Kong and mainland China connect programmes, underscoring its role as a major regional and international financial services player.

Average Trading Volume: 5,233,659

Technical Sentiment Signal: Buy

Current Market Cap: £29.51B

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