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Prudential ( (GB:PRU) ) has issued an announcement.
Prudential plc announced the repurchase of 298,984 of its ordinary shares from Merrill Lynch International, as part of a buyback program authorized at the 2025 Annual General Meeting. The shares, purchased at an average price of £10.1436, will be canceled, reducing the total number of shares in issue to 2,564,480,826. This transaction is expected to impact the company’s share capital structure and may influence shareholder voting rights, aligning with regulatory requirements on the London Stock Exchange and Hong Kong Code on Share Buy-Backs.
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 and asset management services in regions including Greater China, ASEAN, India, 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 Hong Kong, London, Singapore, and New York, and is part of various trading programs and indices.
Average Trading Volume: 5,245,609
Technical Sentiment Signal: Buy
Current Market Cap: £25.77B
Learn more about PRU stock on TipRanks’ Stock Analysis page.