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

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) shares gapped up prior to trading on Friday . The stock had previously closed at $64.09, but opened at $67.9125. Jardine Matheson shares last traded at $66.9750, with a volume of 1,483 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley assumed 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 analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Strong Buy” and a consensus price target of $90.00.

Jardine Matheson Price Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.53 and a quick ratio of 1.33. The company has a 50 day moving average price of $72.09 and a 200 day moving average price of $71.92.

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.