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Prudential ( (GB:PRU) ) has provided an update.
Prudential plc has repurchased 296,492 of its ordinary shares from Merrill Lynch International, as part of a buyback program authorized at the company’s 2025 Annual General Meeting. The repurchased shares will be canceled, reducing the total number of shares in issue to 2,573,157,314. This transaction, conducted on the London Stock Exchange, is expected to streamline the company’s share capital and potentially enhance shareholder value.
The most recent analyst rating on (GB:PRU) stock is a Buy with a £10.90 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 stock benefits from strong financial performance, particularly in profitability and cash flow, alongside positive technical trends. Strategic corporate actions and fair valuation further bolster its investment case. However, revenue volatility and regulatory challenges are notable risks.
To see Spark’s full report on GB:PRU stock, click here.
More about Prudential
Prudential plc is a leading provider of life and health insurance and asset management services across 24 markets in Asia and Africa. The company aims to be a trusted partner by offering simple and accessible financial and health solutions. Prudential is listed on multiple stock exchanges, including the Hong Kong, London, Singapore, and New York Stock Exchanges, and is part of several key trading indices and programs.
Average Trading Volume: 5,104,537
Technical Sentiment Signal: Buy
Current Market Cap: £25.3B
See more insights into PRU stock on TipRanks’ Stock Analysis page.