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Prudential ( (GB:PRU) ) has shared an announcement.
Prudential plc has repurchased 316,581 of its ordinary shares from Merrill Lynch International, as part of a buyback program authorized by shareholders at the 2025 Annual General Meeting. The repurchased shares will be canceled, reducing the total number of shares in issue to 2,579,284,379. This transaction, conducted under the London Stock Exchange’s Listing Rules and Hong Kong’s Code on Share Buy-Backs, 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 £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. 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 major trading indices and programs.
Average Trading Volume: 5,427,983
Technical Sentiment Signal: Hold
Current Market Cap: £24B
See more insights into PRU stock on TipRanks’ Stock Analysis page.