L’Oreal (OTCMKTS:LRLCY) Hits New 52-Week High – Should You Buy?

L’Oreal SA (OTCMKTS:LRLCY)’s share price reached a new 52-week high on Tuesday . The company traded as high as $95.48 and last traded at $95.16, with a volume of 60348 shares trading hands. The stock had previously closed at $93.71.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on LRLCY shares. Erste Group Bank cut L’Oreal from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. HSBC raised L’Oreal to a “buy” rating in a research note on Tuesday, February 17th. Barclays upgraded shares of L’Oreal from an “underweight” rating to an “overweight” rating in a report on Friday, January 23rd. UBS Group upgraded shares of L’Oreal from a “neutral” rating to a “buy” rating in a research report on Friday, January 9th. Finally, Rothschild & Co Redburn raised shares of L’Oreal from a “neutral” rating to a “buy” rating in a report on Tuesday, November 25th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

L’Oreal Stock Up 1.5%

The stock has a 50-day moving average price of $89.56 and a 200 day moving average price of $88.38. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.19 and a quick ratio of 0.90.

L’Oreal Company Profile

L’Oréal SA is a global beauty and personal care company, founded in 1909 by Eugène Schueller and headquartered in Clichy, France. The company develops, manufactures and markets a broad range of consumer and professional products across cosmetics, skin care, hair care, hair color, and fragrances. L’Oréal serves customers around the world through a combination of direct retail, salons, pharmacies, department stores and e-commerce, operating in numerous countries across Europe, the Americas, Asia-Pacific, Africa and the Middle East.

Operations are organized around several business divisions that target distinct channels and consumer segments, including Consumer Products, L’Oréal Luxe, Professional Products and Active Cosmetics.