Jardine Matheson (OTCMKTS:JMHLY) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Jardine Matheson (OTCMKTS:JMHLY) to a hold rating in a report published on Thursday morning,Zacks.com reports.

Other analysts have also recently issued reports about the company. Morgan Stanley began coverage on Jardine Matheson in a report on Friday, May 15th. They issued an “overweight” rating and a $90.00 target price on the stock. Dbs Bank initiated coverage on shares of Jardine Matheson in a research report on Monday, July 13th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $90.00.

Jardine Matheson Stock Up 0.9%

Shares of JMHLY opened at $63.80 on Thursday. Jardine Matheson has a 1 year low of $54.59 and a 1 year high of $83.54. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.33 and a current ratio of 1.53. The business has a 50-day moving average of $63.23 and a 200-day moving average of $70.28.

About Jardine Matheson

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.