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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Jupiter Fund Management plc    JUP   GB00B53P2009

JUPITER FUND MANAGEMENT PLC

(JUP)
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Sherborne sticks firm to Barclays revamp plan despite plunging NAV

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08/20/2020 | 08:26am EDT
FILE PHOTO: A Barclays sign outside one of the bank's London branches

Activist Sherborne Investors has committed to pursuing a shake-up in the management and strategy at Barclays, despite posting a 36% fall in its net asset value (NAV) in the last six months to 351 million pounds ($459.32 million).

The investment vehicle, which is backed by several major British fund firms including Aviva, Schroders and Jupiter Asset Management, said it would continue its dialogue with Barclays "for as long as it appears to be appropriate to do so".

The investor said it currently holds a 5.9% stake in the lender following recent stock purchases. The Barclays share price has fallen by around 36% in the six months to June 30.

($1 = 0.7642 pounds)

(This story corrects NAV percentage change in first paragraph.)

(Reporting By Sinead Cruise; editing by Simon Jessop)


Stocks mentioned in the article
ChangeLast1st jan.
AVIVA PLC -3.45% 266.402 Delayed Quote.-33.96%
BARCLAYS PLC -2.66% 107.3697 Delayed Quote.-38.48%
JUPITER FUND MANAGEMENT PLC -1.13% 228.2 Delayed Quote.-43.65%
SCHRODERS PLC -1.78% 2700 Delayed Quote.-17.52%
SHERBORNE INVESTORS (GUERNSEY) C LIMITED -0.63% 31.4 Delayed Quote.-47.33%
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Financials
Sales 2020 378 M 492 M 492 M
Net income 2020 81,9 M 107 M 107 M
Net cash 2020 157 M 204 M 204 M
P/E ratio 2020 15,0x
Yield 2020 7,28%
Capitalization 1 257 M 1 637 M 1 639 M
EV / Sales 2020 2,92x
EV / Sales 2021 2,54x
Nbr of Employees 522
Free-Float 90,7%
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Technical analysis trends JUPITER FUND MANAGEMENT PLC
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Average target price 258,75 GBX
Last Close Price 230,80 GBX
Spread / Highest target 50,8%
Spread / Average Target 12,1%
Spread / Lowest Target -13,3%
EPS Revisions
Managers
NameTitle
Andrew James Formica Chief Executive Officer & Director
Nichola Pease Non-Executive Chairman
Wayne Mepham Chief Financial Officer & Director
Edward Henry Bonham Carter Vice Chairman
Jonathon Roderick Alan Bond Senior Independent Director
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