Jardine Matheson (OTCMKTS:JMHLY) Raised to Hold at Zacks Research

Jardine Matheson (OTCMKTS:JMHLY) was upgraded by Zacks Research to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

A number of other analysts have also weighed in on the company. Morgan Stanley assumed coverage on Jardine Matheson in a research note on Friday, May 15th. They issued an “overweight” rating and a $90.00 target price on the stock. Dbs Bank began coverage on shares of Jardine Matheson in a research note on Monday, July 13th. They set a “buy” rating for the company. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Jardine Matheson has an average rating of “Buy” and an average target price of $90.00.

Jardine Matheson Trading Up 0.9%

JMHLY opened at $63.80 on Thursday. The business has a fifty day moving average of $63.23 and a 200 day moving average of $70.28. Jardine Matheson has a 52-week low of $54.59 and a 52-week 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.

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.