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Prudential ( (GB:PRU) ) has issued an update.
Prudential plc has repurchased 350,000 of its ordinary shares from Merrill Lynch International at an average price of £11.4729 per share under its 2025 shareholder authority, and intends to cancel the shares, reducing the number of shares in issue and voting rights to 2,548,289,426. The buyback, executed as an on-exchange and on-market transaction in line with UK and Hong Kong regulatory frameworks, is part of Prudential’s ongoing capital management strategy and may support earnings per share and capital efficiency for investors while simplifying its share capital structure.
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 operating in 24 markets across Asia and Africa, focused on 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 mainland China trading programmes and indices.
Average Trading Volume: 5,530,002
Technical Sentiment Signal: Buy
Current Market Cap: £28.99B
Learn more about PRU stock on TipRanks’ Stock Analysis page.