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

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $61.63, but opened at $63.8125. Jardine Matheson shares last traded at $63.6250, with a volume of 3,065 shares.

Analyst Ratings Changes

JMHLY has been the topic of several recent research reports. Morgan Stanley initiated coverage on Jardine Matheson in a report on Friday, May 15th. They set an “overweight” rating and a $90.00 price objective on the stock. Dbs Bank assumed coverage on Jardine Matheson in a report on Monday, July 13th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to MarketBeat, Jardine Matheson currently has an average rating of “Buy” and an average target price of $90.00.

Jardine Matheson Stock Performance

The company has a current ratio of 1.53, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22. The firm’s 50-day moving average is $64.82 and its 200 day moving average is $70.95.

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.