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

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) shares gapped down before the market opened 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.

Analysts Set New Price Targets

JMHLY has been the subject of several analyst reports. Dbs Bank started coverage on shares of Jardine Matheson in a research note on Monday, July 13th. They issued a “buy” rating for the company. Zacks Research raised shares of 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $90.00.

Jardine Matheson Trading Down 0.6%

The business has a 50-day simple moving average of $58.35 and a 200-day simple 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.