--- title: "Prudential Cancels 255,000 Shares in Latest Buyback Move" type: "News" locale: "en" url: "https://longbridge.com/en/news/285495946.md" description: "Prudential plc has repurchased 255,414 shares at an average price of £11.6057, set to cancel these shares, reducing its total share count to 2,519,246,041. This buyback aligns with its capital management strategy, enhancing earnings per share and returning capital to shareholders. The latest analyst rating for Prudential stock (GB:PRU) is a Buy with a £138.00 price target, while Spark's AI Analyst rates it as Neutral due to financial volatility. Prudential focuses on insurance and asset management in high-growth markets across Asia and Africa." datetime: "2026-05-07T06:29:45.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285495946.md) - [en](https://longbridge.com/en/news/285495946.md) - [zh-HK](https://longbridge.com/zh-HK/news/285495946.md) --- # Prudential Cancels 255,000 Shares in Latest Buyback Move ### Claim 55% Off TipRanks - Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions - Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks Prudential ( (GB:PRU) ) has issued an announcement. Prudential plc has repurchased 255,414 of its ordinary shares on 6 May 2026 through JP Morgan Securities on the London Stock Exchange, paying an average price of £11.6057 per share, with prices ranging between £11.23 and £11.77. The company plans to cancel these shares, reducing its share count to 2,519,246,041 and setting the new total of voting rights at the same level for regulatory disclosure purposes. The buyback, conducted under shareholder authority from the 2025 AGM and in line with UK Listing Rules and the Hong Kong Code on Share Buy-Backs, forms part of Prudential’s broader capital management strategy as it focuses on its Asian and African insurance and asset management franchises. The cancellation of shares marginally enhances earnings per share and signals ongoing efforts to return capital to shareholders while maintaining compliance across its multi-market listing framework. The most recent analyst rating on (GB:PRU) stock is a Buy with a £138.00 price target. To see the full list of analyst forecasts on Prudential stock, see the GB:PRU Stock Forecast page. **Spark’s Take on PRU Stock** According to Spark, TipRanks’ AI Analyst, PRU is a Neutral. The score is driven primarily by moderate financial quality: a solid, improving leverage profile and restored profitability, tempered by pronounced earnings/revenue and cash-flow volatility (including a sharp 2025 FCF decline). Earnings-call guidance and shareholder-return plans are constructive and lift the outlook, while technicals are the main drag due to bearish momentum and the stock trading below key moving averages. Valuation is supportive given the low P/E, with a modest dividend yield. To see Spark’s full report on PRU stock, click here. **More about Prudential** Prudential plc is a life and health insurance and asset management group focused on Greater China, ASEAN, India and Africa, providing simple, accessible financial and health solutions across these high-growth markets. The company is dual-listed in Hong Kong and London, with additional listings in Singapore and New York via American Depositary Receipts, and is included in key Hong Kong and mainland China stock connect programmes. **Average Trading Volume:** 7,093,852 **Technical Sentiment Signal:** Strong Buy **Current Market Cap:** £27.55B See more data about PRU stock on TipRanks’ Stock Analysis page. ### Related Stocks - [K6S.SG](https://longbridge.com/en/quote/K6S.SG.md) - [PRU.UK](https://longbridge.com/en/quote/PRU.UK.md) - [PUK.US](https://longbridge.com/en/quote/PUK.US.md) - [02378.HK](https://longbridge.com/en/quote/02378.HK.md) - [JPM.US](https://longbridge.com/en/quote/JPM.US.md) - [PRU.US](https://longbridge.com/en/quote/PRU.US.md) - [JPM-M.US](https://longbridge.com/en/quote/JPM-M.US.md) - [JPM-C.US](https://longbridge.com/en/quote/JPM-C.US.md) - [JPM-D.US](https://longbridge.com/en/quote/JPM-D.US.md) - [JPM-L.US](https://longbridge.com/en/quote/JPM-L.US.md) - [8634.JP](https://longbridge.com/en/quote/8634.JP.md) - [JPM-K.US](https://longbridge.com/en/quote/JPM-K.US.md) - [JPM-J.US](https://longbridge.com/en/quote/JPM-J.US.md) - [PRS.US](https://longbridge.com/en/quote/PRS.US.md) - [PFH.US](https://longbridge.com/en/quote/PFH.US.md) - [PRH.US](https://longbridge.com/en/quote/PRH.US.md) ## Related News & Research - [Goldman Sachs Reaffirms Their Buy Rating on Prudential (PRU)](https://longbridge.com/en/news/286866728.md) - [Prudential’s Bharti Life Bet Triggers Fresh Overhang Fears for ICICI Pru Life](https://longbridge.com/en/news/286848152.md) - [BREAKINGVIEWS-Pru India fix dials up risk — and potential reward](https://longbridge.com/en/news/286716447.md) - [Prudential faces tough road in reviving Bharti AXA Life Insurance biz](https://longbridge.com/en/news/286786329.md) - [Prudential Financial Declares Quarterly Dividend on Common Stock | PRU Stock News](https://longbridge.com/en/news/286151533.md)