Berenberg Bank Upgrades L’Oreal (OTCMKTS:LRLCY) to Buy

L’Oreal (OTCMKTS:LRLCY) was upgraded by investment analysts at Berenberg Bank from a “hold” rating to a “buy” rating in a report released on Thursday.

Several other analysts have also recently issued reports on LRLCY. HSBC upgraded L’Oreal to a “buy” rating in a research note on Tuesday, February 17th. Royal Bank Of Canada reiterated an “outperform” rating on shares of L’Oreal in a research report on Tuesday, February 17th. BNP Paribas Exane upgraded L’Oreal from an “underperform” rating to a “neutral” rating in a research report on Tuesday, May 5th. Finally, Zacks Research cut L’Oreal from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

L’Oreal Trading Up 4.4%

Shares of OTCMKTS LRLCY opened at $89.58 on Thursday. The stock’s 50 day moving average price is $83.55 and its two-hundred day moving average price is $86.27. L’Oreal has a 52-week low of $78.82 and a 52-week high of $95.48. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.15 and a current ratio of 1.44.

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.