Jardine Matheson (OTCMKTS:JMHLY) Upgraded at Zacks Research

Jardine Matheson (OTCMKTS:JMHLY) was upgraded by research analysts at Zacks Research to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

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

Jardine Matheson Stock Performance

JMHLY stock opened at $63.80 on Thursday. The business has a 50 day moving average price of $63.23 and a 200 day moving average price of $70.28. Jardine Matheson has a fifty-two week low of $54.59 and a fifty-two 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.