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Prudential ( (GB:PRU) ) has provided an announcement.
Prudential has resolved a legal dispute with Detik Ria, a 49% shareholder in its Malaysian subsidiary, by agreeing to pay USD 83 million in dividends and waiving USD 33 million owed by Detik Ria. The settlement, which will slightly increase Prudential’s IFRS shareholder equity, concludes all legal proceedings and prevents future claims related to historical matters.
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 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 major stock exchanges including Hong Kong, London, Singapore, and New York, and is part of several trading programs and indices.
Average Trading Volume: 5,272,094
Technical Sentiment Signal: Buy
Current Market Cap: £24.15B
See more insights into PRU stock on TipRanks’ Stock Analysis page.