Jardine Matheson (OTCMKTS:JMHLY) Shares Gap Up – Time to Buy?

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) shares gapped up before the market opened on Friday . The stock had previously closed at $61.43, but opened at $64.20. Jardine Matheson shares last traded at $61.3725, with a volume of 816 shares trading hands.

Wall Street Analysts Forecast Growth

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

Jardine Matheson Trading Up 1.3%

The company has a 50-day simple moving average of $65.65 and a two-hundred day simple moving average of $71.21. The company has a current ratio of 1.53, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22.

About Jardine Matheson

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.