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

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

LRLCY has been the subject of several other research reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of L’Oreal in a research report on Tuesday, February 17th. HSBC raised L’Oreal to a “buy” rating in a research report on Tuesday, February 17th. BNP Paribas Exane raised 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 analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

L’Oreal Price Performance

LRLCY opened at $89.58 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 1.15. The business has a fifty day simple moving average of $83.55 and a 200-day simple moving average of $86.27. L’Oreal has a fifty-two week low of $78.82 and a fifty-two week high of $95.48.

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.