Jardine Matheson (OTCMKTS:JMHLY) Shares Gap Up – What’s Next?

Shares of Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) gapped up before the market opened on Tuesday. The stock had previously closed at $55.70, but opened at $57.8060. Jardine Matheson shares last traded at $57.68, with a volume of 1,259 shares changing hands.

Analysts Set New Price Targets

JMHLY has been the subject of several research analyst reports. Dbs Bank assumed coverage on shares of Jardine Matheson in a research report on Monday, July 13th. They issued a “buy” rating for the company. Zacks Research upgraded shares of Jardine Matheson to a “hold” rating in a research report on Thursday, August 6th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $90.00.

Jardine Matheson Price Performance

The company’s 50-day simple moving average is $58.20 and its 200 day simple moving average is $63.81.

About Jardine Matheson

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.