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

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY)’s stock price gapped down prior to trading 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 trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Zacks Research upgraded Jardine Matheson to a “hold” rating in a research note on Thursday, August 6th. Dbs Bank started coverage on Jardine Matheson in a research note 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 assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $90.00.

Jardine Matheson Stock Performance

The company has a 50 day moving average of $58.35 and a 200 day moving average of $63.92.

Jardine Matheson Company Profile

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.