L’Oreal SA (OTCMKTS:LRLCY – Get Free Report)’s share price crossed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $87.96 and traded as low as $83.2745. L’Oreal shares last traded at $84.60, with a volume of 140,007 shares traded.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on LRLCY shares. Argus set a $100.00 target price on shares of L’Oreal in a research report on Tuesday, August 18th. Deutsche Bank Aktiengesellschaft downgraded L’Oreal from a “hold” rating to a “sell” rating in a research report on Monday, June 22nd. BNP Paribas Exane upgraded shares of L’Oreal from a “neutral” rating to an “outperform” rating in a report on Wednesday, September 2nd. Jefferies Financial Group upgraded L’Oreal from an “underperform” rating to a “hold” rating in a research note on Wednesday, August 5th. Finally, Citigroup upgraded shares of L’Oreal from a “neutral” rating to a “buy” rating in a research note on Thursday, June 25th. Eight analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $100.00.
View Our Latest Stock Report on LRLCY
L’Oreal Stock Up 1.2%
About L’Oreal
L’Oréal is a France-based beauty and cosmetics company founded in 1909 by chemist Eugène Schueller. Headquartered in Clichy, France, the company develops, manufactures and markets beauty products for consumers and professional customers worldwide.
Its portfolio includes hair color, hair care, skin care, makeup, fragrances and personal-care products. L’Oréal organizes its operations across Professional Products, Consumer Products, L’Oréal Luxe and Dermatological Beauty, with brands including L’Oréal Paris, Maybelline New York, Garnier, Lancôme, Yves Saint Laurent Beauty, Kiehl’s, La Roche-Posay and CeraVe.
L’Oréal serves customers through salons, mass-market retailers, department stores, specialty beauty retailers, pharmacies and e-commerce channels.
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