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Prudential ( (GB:PRU) ) just unveiled an announcement.
Prudential plc has repurchased 282,441 of its ordinary shares from Merrill Lynch International as part of a buyback program approved at the 2025 Annual General Meeting. The shares were bought at an average price of £10.1055 and will be canceled, reducing the total number of shares in issue to 2,563,473,249. This transaction, conducted under the rules of the London Stock Exchange and Hong Kong Code on Share Buy-Backs, is part of Prudential’s strategy to manage its capital structure effectively, potentially impacting shareholder value and market perception.
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 as well as asset management services across Greater China, ASEAN, India, 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 Stock Exchange, London Stock Exchange, Singapore Stock Exchange, and New York Stock Exchange.
Average Trading Volume: 5,457,578
Technical Sentiment Signal: Buy
Current Market Cap: £25.66B
For detailed information about PRU stock, go to TipRanks’ Stock Analysis page.