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

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) shares 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.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on JMHLY. Zacks Research raised shares of Jardine Matheson to a “hold” rating in a report on Thursday, August 6th. Dbs Bank started coverage on Jardine Matheson in a research note on Monday, July 13th. They set a “buy” rating on the stock. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $90.00.

Jardine Matheson Price Performance

The firm’s fifty day moving average price is $57.99 and its 200-day moving average price is $63.57.

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.