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    JUP   GB00B53P2009

JUPITER FUND MANAGEMENT PLC

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

08/20/2020 | 07:26am 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)


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AVIVA PLC -0.24% 413.88228 Delayed Quote.27.58%
BARCLAYS PLC 1.02% 174.7 Delayed Quote.17.81%
JUPITER FUND MANAGEMENT PLC -0.07% 268.2788 Delayed Quote.-4.96%
SCHRODERS PLC 0.17% 3538 Delayed Quote.5.78%
SHERBORNE INVESTORS (GUERNSEY) C LIMITED 0.00% 60.25 Delayed Quote.44.48%
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Financials
Sales 2021 466 M 650 M 650 M
Net income 2021 125 M 175 M 175 M
Net cash 2021 179 M 250 M 250 M
P/E ratio 2021 11,6x
Yield 2021 6,62%
Capitalization 1 465 M 2 046 M 2 046 M
EV / Sales 2021 2,76x
EV / Sales 2022 2,53x
Nbr of Employees 618
Free-Float 75,1%
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Technical analysis trends JUPITER FUND MANAGEMENT PLC
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Last Close Price 268,40 GBX
Average target price 304,85 GBX
Spread / Average Target 13,6%
EPS Revisions
Managers and Directors
NameTitle
Andrew James Formica Chief Executive Officer & Executive Director
Wayne Mepham Chief Financial Officer & Executive Director
Nichola Pease Non-Executive Chairman
Paula Marion Moore Chief Operating Officer
Stephen Brian Pearson Chief Investment Officer
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