Jardine Matheson (OTCMKTS:JMHLY) Stock Jumps 5.4% – What’s Next?

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) shares traded up 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 traded hands during trading, a decline of 84% from the average session volume of 15,288 shares. The stock had previously closed at $56.70.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on JMHLY shares. 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. Zacks Research raised Jardine Matheson to a “hold” rating in a research report on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $90.00.

Jardine Matheson Trading Up 1.7%

The stock’s 50-day simple moving average is $58.73 and its two-hundred day simple moving average is $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.