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

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

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

Jardine Matheson Price Performance

JMHLY opened at $63.80 on Thursday. Jardine Matheson has a 12 month low of $54.59 and a 12 month high of $83.54. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.53 and a quick ratio of 1.33. The business has a fifty day moving average price of $63.23 and a 200 day moving average price 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.