L’Oreal SA (OTCMKTS:LRLCY – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Thursday. The stock traded as high as $98.99 and last traded at $98.99, with a volume of 83,597 shares. The stock had previously closed at $90.96.
Analyst Upgrades and Downgrades
LRLCY has been the subject of a number of research analyst reports. Citigroup raised L’Oreal from a “neutral” rating to a “buy” rating in a research note on Thursday, June 25th. Argus set a $100.00 price objective on L’Oreal in a research report on Tuesday, August 18th. Jefferies Financial Group upgraded L’Oreal from an “underperform” rating to a “hold” rating in a research note on Wednesday, August 5th. Finally, BNP Paribas Exane raised shares of L’Oreal from a “neutral” rating to an “outperform” rating in a research report on Wednesday, September 2nd. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $100.00.
Read Our Latest Report on L’Oreal
L’Oreal Stock Up 7.1%
The stock has a 50-day simple moving average of $87.89 and a 200 day simple moving average of $86.98. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.70 and a current ratio of 0.97.
About L’Oreal
L’Oréal SA is a France-based beauty and personal care company whose shares trade in the United States under the symbol LRLCY. Founded in 1909 by chemist Eugène Schueller, the company has grown into a global provider of cosmetics, skincare, haircare, hair color, fragrances and professional beauty products. Its headquarters are in Clichy, France.
L’Oréal operates through four principal divisions: Professional Products, Consumer Products, L’Oréal Luxe and Dermatological Beauty. Its portfolio includes brands such as L’Oréal Paris, Garnier, Maybelline New York, Lancôme, Yves Saint Laurent Beauty, Kiehl’s, Redken, La Roche-Posay, Vichy and CeraVe.
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