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

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY)’s stock price gapped up prior to trading 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 Upgrades and Downgrades

A number of brokerages have weighed in on JMHLY. Dbs Bank started coverage on Jardine Matheson in a research report on Monday, July 13th. They set a “buy” rating on the stock. Morgan Stanley initiated coverage on Jardine Matheson in a research note on Friday, May 15th. They set an “overweight” rating and a $90.00 target price for the company. Finally, Zacks Research raised Jardine Matheson to a “hold” rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Jardine Matheson presently has an average rating of “Buy” and an average target price of $90.00.

Jardine Matheson Stock Down 0.1%

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 50 day moving average of $62.62 and a 200-day moving average of $68.68.

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.