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Jardine Matheson (OTCMKTS:JMHLY) Sets New 52-Week High - Still a Buy?

Jardine Matheson logo with Multi-Sector Conglomerates background

Key Points

  • Jardine Matheson Holdings Ltd. achieved a new 52-week high share price of $61.35 during trading, indicating strong market performance.
  • Analysts have downgraded the stock from a "strong-buy" rating to a "hold" rating, while one analyst maintains a "Strong Buy" rating, resulting in an average rating of "Buy".
  • The company announced a dividend of $0.53, representing a 361.0% dividend yield, with the ex-dividend date set for August 22nd.
  • Five stocks we like better than Jardine Matheson.

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY - Get Free Report) reached a new 52-week high on Friday . The stock traded as high as $61.35 and last traded at $61.19, with a volume of 3597 shares. The stock had previously closed at $60.49.

Analysts Set New Price Targets

Separately, Macquarie cut shares of Jardine Matheson from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 29th. One investment 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, the stock presently has an average rating of "Buy".

View Our Latest Stock Report on JMHLY

Jardine Matheson Price Performance

The business's 50 day simple moving average is $56.36 and its 200-day simple moving average is $48.23. 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 announced a dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Monday, August 25th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a dividend yield of 361.0%.

Jardine Matheson Company Profile

(Get Free Report)

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.

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