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

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY)’s stock price gapped up prior to trading 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 changing hands.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Morgan Stanley began coverage on shares of Jardine Matheson in a report on Friday, May 15th. They set an “overweight” rating and a $90.00 price target for the company. Dbs Bank initiated coverage on shares of Jardine Matheson in a research report on Monday. They set a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $90.00.

Jardine Matheson Trading Up 2.3%

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.53 and a quick ratio of 1.33. The stock has a 50-day simple moving average of $64.98 and a 200-day simple moving average of $71.00.

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.