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

Shares of Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) gapped up before the market opened 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 traded.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Dbs Bank initiated coverage on shares of Jardine Matheson in a research note on Monday. They issued a “buy” rating on the stock. Morgan Stanley began coverage on shares of Jardine Matheson in a research note on Friday, May 15th. They issued an “overweight” rating and a $90.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $90.00.

Jardine Matheson Stock Up 2.3%

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 company has a fifty day simple moving average of $64.98 and a two-hundred day simple moving average of $71.00.

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.