Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY – Get Free Report)’s share price shot up 5.4% on Wednesday. The stock traded as high as $59.79 and last traded at $59.79. Approximately 2,501 shares traded hands during trading, a decline of 84% from the average daily volume of 15,288 shares. The stock had previously closed at $56.70.
Analyst Ratings Changes
A number of research analysts have weighed in on JMHLY shares. Dbs Bank started coverage on Jardine Matheson in a report on Monday, July 13th. They set a “buy” rating on the stock. Zacks Research upgraded Jardine Matheson to a “hold” rating in a research note on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $90.00.
Read Our Latest Research Report on JMHLY
Jardine Matheson Price Performance
The stock’s 50-day moving average price is $58.51 and its two-hundred day moving average price is $64.05.
About Jardine Matheson
Jardine Matheson Holdings Limited is a diversified Asian investment company with businesses spanning automotive, retail, property, engineering, hospitality and financial services. The group operates through a portfolio of established companies, including Jardine Motors Group, DFI Retail Group, Hongkong Land, Mandarin Oriental Hotel Group, Jardine Cycle & Carriage and Jardine Pacific.
Its businesses serve consumers and commercial customers across Hong Kong, mainland China, Southeast Asia and other international markets.
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