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

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY – Get Free Report)’s stock price gapped down before the market opened on Monday. The stock had previously closed at $58.2650, but opened at $55.92. Jardine Matheson shares last traded at $55.92, with a volume of 562 shares.

Analyst Ratings Changes

Several research analysts have recently commented on JMHLY shares. Zacks Research raised shares of Jardine Matheson to a “hold” rating in a 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 equities research 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 company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.00.

View Our Latest Stock Analysis on Jardine Matheson

Jardine Matheson Stock Up 2.8%

The business has a 50 day simple moving average of $58.09 and a 200-day simple moving average of $63.69.

About Jardine Matheson

(Get Free Report)

Jardine Matheson Holdings Limited is a diversified investment company with roots in Asia and a portfolio of businesses serving consumers, businesses and infrastructure markets. The group traces its history to 1832, when William Jardine and James Matheson established a trading enterprise in China. It is headquartered in Hong Kong and has developed into a long-term owner and operator of businesses across Asia and other international markets.

Its principal interests include automotive distribution and retail through Jardine Cycle & Carriage and its associated companies, including Astra International in Indonesia; property investment and development through Hongkong Land; food retailing and health and beauty stores through Dairy Farm; and hotels and resorts through Mandarin Oriental Hotel Group.

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