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Prudential ( (GB:PRU) ) just unveiled an announcement.
Prudential plc has repurchased 274,513 of its ordinary shares from Merrill Lynch International as part of a buyback program authorized at its 2025 Annual General Meeting. The shares were bought at an average price of £10.2564 and will be canceled, reducing the total number of shares in issue to 2,562,321,389. This transaction, conducted under the London Stock Exchange’s Listing Rules and the Hong Kong Code on Share Buy-Backs, is part of Prudential’s strategy to manage its capital structure and enhance shareholder value.
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. Prudential has dual primary listings on the Hong Kong and London Stock Exchanges, with additional listings on the Singapore and New York Stock Exchanges.
Average Trading Volume: 5,589,857
Technical Sentiment Signal: Buy
Current Market Cap: £26.43B
See more data about PRU stock on TipRanks’ Stock Analysis page.