Jardine Matheson (OTCMKTS:JMHLY) Hits New 52-Week High - Time to Buy?

Key Points

• Jardine Matheson Holdings Ltd. reached a new 52-week high of $60.26 during trading, increasing its stock value by 2.2% recently.
• Macquarie has downgraded the stock from a "strong-buy" to a "hold" rating, although the consensus rating remains a "Buy".
• The company announced a dividend payment of $0.53 per share, set for October 22nd, yielding 361.0% for shareholders of record on August 25th.

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $60.26 and last traded at $60.26, with a volume of 5937 shares changing hands. The stock had previously closed at $59.18.

Analysts Set New Price Targets

Separately, Macquarie downgraded shares of Jardine Matheson from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 29th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy".

Jardine Matheson Stock Performance

The business's 50-day moving average price is $53.96 and its 200 day moving average price is $46.86. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.03 and a current ratio of 1.24.

Jardine Matheson Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, October 22nd. Investors of record on Monday, August 25th will be paid a $0.53 dividend. This represents a dividend yield of 361.0%. The ex-dividend date is Friday, August 22nd.

Jardine Matheson Company Profile

Jardine Matheson Holdings Limited, through its subsidiaries, operates in motor vehicles and related operations, property investment and development, food retailing, health and beauty, home furnishings, engineering and construction, and transport businesses in China, Southeast Asia, and internationally.