Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY – Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as $54.41 and last traded at $54.65, with a volume of 2277 shares. The stock had previously closed at $56.69.
Analysts Set New Price Targets
Several research firms have weighed in on JMHLY. Zacks Research upgraded shares of Jardine Matheson to a “hold” rating in a research report on Thursday, August 6th. Dbs Bank began coverage on shares of Jardine Matheson in a research report on Monday, July 13th. They set a “buy” rating for the company. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $90.00.
Check Out Our Latest Analysis on Jardine Matheson
Jardine Matheson Trading Down 3.9%
About Jardine Matheson
Jardine Matheson Holdings Limited is a diversified investment company with a long-established presence in Asia. Founded in 1832, the group has developed from a trading business into a portfolio of businesses operating across consumer, automotive, property, retail, hospitality and financial services markets.
Its principal interests include Jardine Pacific, which owns or manages businesses in engineering, construction, transportation and other services; Jardine Motors, an automotive retail and distribution group; and Hongkong Land, a property company with commercial and residential developments in Asia.
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