Jardine Matheson (OTCMKTS:JMHLY) Shares Gap Up – Still a Buy?

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $64.09, but opened at $67.9125. Jardine Matheson shares last traded at $66.9750, with a volume of 1,483 shares trading hands.

Analysts Set New Price Targets

Separately, Morgan Stanley began coverage on Jardine Matheson in a research report on Friday, May 15th. They set an “overweight” rating and a $90.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Strong Buy” and a consensus 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 firm has a 50-day moving average of $72.09 and a 200 day moving average of $71.92.

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.