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

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) gapped up before the market opened on Thursday. The stock had previously closed at $53.37, but opened at $56.1950. Jardine Matheson shares last traded at $55.1350, with a volume of 2,216 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on JMHLY. Dbs Bank assumed coverage on Jardine Matheson in a report on Monday, July 13th. They set a “buy” rating for the company. Zacks Research raised Jardine Matheson to a “hold” rating in a research report on Thursday, August 6th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.00.

Jardine Matheson Price Performance

The company has a current ratio of 1.53, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22. The company’s 50 day moving average price is $60.38 and its 200 day moving average price is $65.50.

Jardine Matheson Company Profile

Jardine Matheson Holdings Limited is a diversified Asian investment company with businesses spanning automotive, retail, property, engineering, hospitality and financial services. The group operates through a portfolio of established companies, including Jardine Motors Group, DFI Retail Group, Hongkong Land, Mandarin Oriental Hotel Group, Jardine Cycle & Carriage and Jardine Pacific.

Its businesses serve consumers and commercial customers across Hong Kong, mainland China, Southeast Asia and other international markets.