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

Shares of Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) gapped up prior to trading on Friday . The stock had previously closed at $62.30, but opened at $64.2745. Jardine Matheson shares last traded at $64.2745, with a volume of 524 shares.

Analyst Ratings Changes

Separately, Morgan Stanley assumed coverage on Jardine Matheson in a research report on Friday, May 15th. They set an “overweight” rating and a $90.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to data from MarketBeat, Jardine Matheson currently has an average rating of “Strong Buy” and a consensus target price of $90.00.

Jardine Matheson Stock Up 2.4%

The business’s 50 day simple moving average is $67.70 and its two-hundred day simple moving average is $71.63. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.33 and a current ratio of 1.53.

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.