L’Oreal SA (OTCMKTS:LRLCY – Get Free Report) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 48,941 shares, a decrease of 45.4% from the September 30th total of 89,563 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 264,525 shares, the days-to-cover ratio is presently 0.2 days.
Analysts Set New Price Targets
LRLCY has been the subject of a number of research reports. Argus set a $100.00 price target on L’Oreal in a research note on Tuesday, August 18th. Citigroup restated a “buy” rating on shares of L’Oreal in a research report on Friday, October 23rd. Jefferies Financial Group upgraded L’Oreal from an “underperform” rating to a “hold” rating in a research report on Wednesday, August 5th. Finally, BNP Paribas Exane upgraded shares of L’Oreal from a “neutral” rating to an “outperform” rating in a 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 MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $100.00.
Get Our Latest Analysis on LRLCY
L’Oreal Trading Up 1.0%
Shares of LRLCY stock traded up $0.96 during trading hours on Monday, reaching $97.98. 135,822 shares of the company’s stock were exchanged, compared to its average volume of 211,399. L’Oreal has a fifty-two week low of $78.82 and a fifty-two week high of $99.28. The business has a fifty day moving average price of $89.06 and a 200-day moving average price of $87.61. The company has a quick ratio of 0.70, a current ratio of 0.97 and a debt-to-equity ratio of 0.29.
L’Oreal Company Profile
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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