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Prudential ( (GB:PRU) ) has issued an announcement.
Prudential plc announced the repurchase of 275,010 of its ordinary shares from Merrill Lynch International, as part of a shareholder-approved buyback program. The shares were bought at an average price of £10.4145 and will be canceled, reducing the total number of shares and voting rights to 2,563,923,973. This transaction is part of Prudential’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:PRU) stock is a Buy with a £12.20 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 reflects strong financial performance and positive technical indicators. The company’s strategic investments and capital management plans are promising, despite challenges in certain markets and regulatory environments. The valuation remains attractive, supporting a favorable outlook.
To see Spark’s full report on GB:PRU stock, click here.
More about Prudential
Prudential plc is a company that provides life and health insurance as well as asset management services, focusing on markets in Greater China, ASEAN, India, and Africa. It aims to be a trusted partner by offering simple and accessible financial and health solutions. The company is listed on multiple stock exchanges including Hong Kong, London, Singapore, and New York.
Average Trading Volume: 5,241,529
Technical Sentiment Signal: Buy
Current Market Cap: £26.49B
See more data about PRU stock on TipRanks’ Stock Analysis page.