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Jardine Matheson (OTCMKTS:JMHLY) Sets New 12-Month High - Time to Buy?

Jardine Matheson logo with Multi-Sector Conglomerates background

Key Points

  • Jardine Matheson Holdings Ltd. shares reached a new 52-week high of $63.50, reflecting significant trading activity with a total of 5639 shares changing hands.
  • Macquarie downgraded the stock from a "strong-buy" rating to a "hold," while the overall consensus remains an average rating of "Buy" from analysts.
  • The company will be paying a dividend of $0.53 per share on October 22nd, 2023, with a yield of 361.0%, despite cutting its dividend recently.
  • Five stocks we like better than Jardine Matheson.

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY - Get Free Report)'s share price reached a new 52-week high on Monday . The company traded as high as $63.50 and last traded at $63.47, with a volume of 5639 shares. The stock had previously closed at $60.53.

Wall Street Analysts Forecast Growth

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 given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy".

Check Out Our Latest Analysis on JMHLY

Jardine Matheson Price Performance

The company has a current ratio of 1.24, a quick ratio of 1.03 and a debt-to-equity ratio of 0.22. The business's 50 day moving average is $57.72 and its 200 day moving average is $49.09.

Jardine Matheson Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, October 22nd. Investors 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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