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Prudential Cancels 371,011 Shares After Latest Buyback Transaction

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Prudential Cancels 371,011 Shares After Latest Buyback Transaction

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

Prudential plc has repurchased 371,011 of its 5 pence ordinary shares on 23 January 2026 from JP Morgan Securities plc under its shareholder-approved buyback programme, at an average price of £11.5882 per share. The company intends to cancel the repurchased shares, reducing the number of shares in issue and voting rights to 2,543,616,846, a move that can enhance earnings per share and capital efficiency while providing updated reference figures for investors monitoring their disclosure obligations under UK transparency rules; the transaction was executed on the London Stock Exchange in compliance with both UK listing rules and the Hong Kong Code on Share Buy-Backs.

The most recent analyst rating on (GB:PRU) stock is a Buy with a £1351.00 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 key Hong Kong and mainland China market indices and trading connect programmes. Prudential is independent from US-based Prudential Financial, Inc. and from The Prudential Assurance Company Limited, a subsidiary of UK-based M&G plc.

Average Trading Volume: 4,995,658

Technical Sentiment Signal: Buy

Current Market Cap: £29.05B

For an in-depth examination of PRU stock, go to TipRanks’ Overview page.

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