Jardine Matheson (OTCMKTS:JMHLY) Shares Gap Up – Should You Buy?

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $62.30, but opened at $64.2745. Jardine Matheson shares last traded at $64.2745, with a volume of 524 shares trading hands.

Analyst Ratings Changes

Separately, Morgan Stanley began coverage on shares of Jardine Matheson in a research report on Friday, May 15th. They set an “overweight” rating and a $90.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Strong Buy” and an average price target of $90.00.

Jardine Matheson Stock Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.33 and a current ratio of 1.53. The stock has a 50-day moving average price of $67.70 and a two-hundred day moving average price of $71.63.

Jardine Matheson Company Profile

Jardine Matheson Holdings Limited is a Bermuda-registered investment holding company with a primary listing on the Hong Kong Stock Exchange and American depositary shares trading on the OTC Markets under the symbol JMHLY. Established in 1832 by William Jardine and James Matheson, the group has evolved from a trading house in Canton to a diversified conglomerate with operations throughout Asia.

The company holds controlling interests in a portfolio of businesses spanning property, retail, hospitality, automotive, and engineering.