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 $58.60, but opened at $60.69. Jardine Matheson shares last traded at $58.7168, with a volume of 729 shares changing hands.

Analyst Ratings Changes

JMHLY has been the subject of several research analyst reports. Zacks Research raised shares of Jardine Matheson to a “hold” rating in a research report on Thursday, August 6th. Morgan Stanley began coverage on shares of Jardine Matheson in a research report on Friday, May 15th. They set an “overweight” rating and a $90.00 target price on the stock. Finally, Dbs Bank began coverage on shares of Jardine Matheson in a research note on Monday, July 13th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Jardine Matheson has an average rating of “Buy” and a consensus price target of $90.00.

Jardine Matheson Trading Up 0.8%

The company has a quick ratio of 1.33, a current ratio of 1.53 and a debt-to-equity ratio of 0.22. The stock’s 50 day moving average price is $62.47 and its two-hundred day moving average price is $68.43.

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.