Prudential plc Announces Share Buyback and Cancellation

Prudential ( (GB:PRU) ) has provided an announcement.

Prudential plc has repurchased 1,492,519 of its ordinary shares through Barclays Capital Securities Limited on the London Stock Exchange, as per the authority granted at its 2025 AGM. The company plans to cancel these shares, reducing the total number of shares in issue to 2,600,735,404, which will affect the voting rights denominator for shareholders. This move is part of Prudential’s strategy to manage its capital structure and could impact its market positioning by potentially increasing shareholder value.

The most recent analyst rating on (GB:PRU) stock is a Buy with a £10.60 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 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. It is listed on multiple stock exchanges, including the Hong Kong, London, Singapore, and New York Stock Exchanges, and is part of the Hang Seng Composite Index.

Average Trading Volume: 8,074,637

Technical Sentiment Signal: Hold

Current Market Cap: £22.34B

See more data about PRU stock on TipRanks’ Stock Analysis page.