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Prudential ( (GB:PRU) ) just unveiled an update.
Prudential plc has repurchased 317,716 of its ordinary shares from Merrill Lynch International, as part of a buyback program authorized by shareholders at the 2025 Annual General Meeting. The shares were bought at an average price of £9.1495 and will be canceled, reducing the total number of shares in issue to 2,583,111,664. This transaction aligns with the company’s strategy to manage its capital structure and could potentially impact shareholder value by increasing earnings per share.
The most recent analyst rating on (GB:PRU) stock is a Buy with a £11.61 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 company that provides life and health insurance and asset management services across 24 markets in Asia 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, and is part of the Hang Seng Composite Index.
Average Trading Volume: 5,823,040
Technical Sentiment Signal: Hold
Current Market Cap: £23.14B
For detailed information about PRU stock, go to TipRanks’ Stock Analysis page.