Jardine Matheson (OTCMKTS:JMHLY) Shares Gap Down – Here’s Why

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLYGet Free Report) gapped down before the market opened on Monday . The stock had previously closed at $62.84, but opened at $60.14. Jardine Matheson shares last traded at $60.14, with a volume of 238 shares.

Analysts Set New Price Targets

Separately, Morgan Stanley started coverage on Jardine Matheson in a research report on Friday, May 15th. They set an “overweight” rating and a $90.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Strong Buy” and an average target price of $90.00.

Read Our Latest Analysis on Jardine Matheson

Jardine Matheson Stock Performance

The firm’s 50 day simple moving average is $67.49 and its 200-day simple moving average is $71.60. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.33 and a current ratio of 1.53.

About Jardine Matheson

(Get Free Report)

Jardine Matheson Holdings Limited is a Bermuda-registered investment holding company with a primary listing on the Hong Kong Stock Exchange and American depositary shares trading on the OTC Markets under the symbol JMHLY. Established in 1832 by William Jardine and James Matheson, the group has evolved from a trading house in Canton to a diversified conglomerate with operations throughout Asia.

The company holds controlling interests in a portfolio of businesses spanning property, retail, hospitality, automotive, and engineering.

Further Reading

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