L’Oreal SA (OTCMKTS:LRLCY – Get Free Report) reached a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $100.33 and last traded at $100.1350, with a volume of 3,632 shares. The stock had previously closed at $97.96.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on LRLCY. Argus set a $100.00 price target on L’Oreal in a report on Tuesday, August 18th. Jefferies Financial Group upgraded L’Oreal from an “underperform” rating to a “hold” rating in a report on Wednesday, August 5th. Erste Group Bank upgraded L’Oreal from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 30th. BNP Paribas Exane raised L’Oreal from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 2nd. Finally, Citigroup reissued a “buy” rating on shares of L’Oreal in a research note on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $100.00.
View Our Latest Report on LRLCY
L’Oreal Price Performance
The company’s 50-day moving average price is $89.73 and its 200 day moving average price is $87.78. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.97 and a quick ratio of 0.70.
L’Oreal Company Profile
L’Oréal is a French beauty and cosmetics company founded in 1909 by chemist Eugène Schueller. Headquartered in Clichy, France, it develops, manufactures and markets products across skincare, makeup, haircare and fragrance.
The company sells products through consumer, luxury, professional and dermatological beauty businesses. Its portfolio includes brands such as L’Oréal Paris, Maybelline New York, Lancôme, Kérastase and CeraVe, with products distributed in markets around the world.
L’Oréal serves consumers through a range of channels, including retail stores, salons, pharmacies and online platforms.
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