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

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY)’s stock price gapped up before the market opened on Friday. The stock had previously closed at $55.84, but opened at $58.76. Jardine Matheson shares last traded at $55.9875, with a volume of 299 shares trading hands.

Analysts Set New Price Targets

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

Jardine Matheson Stock Performance

The stock has a 50-day simple moving average of $59.26 and a 200-day simple moving average of $64.65.

About Jardine Matheson

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.