tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Prudential Cancels 348,347 Shares After Latest Buyback Transaction

Story Highlights
Prudential Cancels 348,347 Shares After Latest Buyback Transaction

Claim 50% Off TipRanks Premium

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

Prudential plc has repurchased 348,347 of its ordinary shares on 20 January 2026 from JP Morgan Securities plc as part of its ongoing share buyback programme authorised at the 2025 AGM. The shares, bought at an average price of £11.7105 and to be cancelled, reduce the company’s share count to 2,544,649,662, slightly increasing existing shareholders’ proportional ownership and affecting the total voting rights denominator used for regulatory disclosure thresholds in the UK and Hong Kong markets.

The most recent analyst rating on (GB:PRU) stock is a Buy with a £1372.00 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 maintains 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. It operates independently from Prudential Financial, Inc. in the US and The Prudential Assurance Company Limited of M&G plc in the UK.

Average Trading Volume: 5,220,601

Technical Sentiment Signal: Buy

Current Market Cap: £30.2B

See more insights into 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