Jardine Matheson (OTCMKTS:JMHLY) Shares Climb 5.4% – Still a Buy?

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY)’s share price rose 5.4% during mid-day trading on Wednesday. The stock traded as high as $59.79 and last traded at $59.79. 2,501 shares were traded during trading, a decline of 84% from the average session volume of 15,288 shares. The stock had previously closed at $56.70.

Analyst Ratings Changes

Several research firms recently commented on JMHLY. Zacks Research upgraded Jardine Matheson to a “hold” rating in a research note on Thursday, August 6th. Dbs Bank began coverage on shares of Jardine Matheson in a report on Monday, July 13th. They set a “buy” rating for the company. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $90.00.

Jardine Matheson Trading Up 1.7%

The firm has a fifty day moving average price of $58.73 and a 200 day moving average price of $64.27.

Jardine Matheson Company Profile

Jardine Matheson Holdings Limited is a diversified Asian investment company with businesses spanning automotive, retail, property, engineering, hospitality and financial services. The group operates through a portfolio of established companies, including Jardine Motors Group, DFI Retail Group, Hongkong Land, Mandarin Oriental Hotel Group, Jardine Cycle & Carriage and Jardine Pacific.

Its businesses serve consumers and commercial customers across Hong Kong, mainland China, Southeast Asia and other international markets.