Jardine Matheson (OTCMKTS:JMHLY) Hits New 1-Year Low – What’s Next?

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $55.38 and last traded at $55.38, with a volume of 656 shares traded. The stock had previously closed at $58.35.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Morgan Stanley started coverage on Jardine Matheson in a research report on Friday, May 15th. They set an “overweight” rating and a $90.00 price objective for the company. Dbs Bank initiated coverage on shares of Jardine Matheson in a research note on Monday, July 13th. They issued a “buy” rating on the stock. Finally, Zacks Research raised shares of Jardine Matheson to a “hold” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Jardine Matheson presently has a consensus rating of “Buy” and an average price target of $90.00.

Jardine Matheson Trading Up 0.5%

The firm has a 50-day moving average of $62.01 and a 200-day moving average of $67.61. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.53 and a quick ratio of 1.33.

About Jardine Matheson

Jardine Matheson Holdings Limited is a diversified investment company with a long-established presence in Asia. Founded in 1832, the group has developed from a trading business into a portfolio of businesses operating across consumer, automotive, property, retail, hospitality and financial services markets.

Its principal interests include Jardine Pacific, which owns or manages businesses in engineering, construction, transportation and other services; Jardine Motors, an automotive retail and distribution group; and Hongkong Land, a property company with commercial and residential developments in Asia.