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

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) 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.

Analyst Ratings Changes

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

Jardine Matheson Stock Up 1.3%

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.33 and a current ratio of 1.53. The firm’s 50 day moving average price is $65.65 and its 200 day moving average price is $71.21.

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.