L’Oreal (OTCMKTS:LRLCY) Sees Strong Trading Volume – Here’s What Happened

Shares of L’Oreal SA (OTCMKTS:LRLCY) saw strong trading volume on Monday . 443,190 shares changed hands during mid-day trading, an increase of 125% from the previous session’s volume of 197,297 shares.The stock last traded at $87.3035 and had previously closed at $86.52.

Analysts Set New Price Targets

LRLCY has been the subject of a number of research reports. Berenberg Bank raised shares of L’Oreal from a “hold” rating to a “buy” rating in a report on Thursday, May 28th. BNP Paribas Exane raised shares of L’Oreal from an “underperform” rating to a “neutral” rating in a report on Tuesday, May 5th. HSBC raised shares of L’Oreal to a “buy” rating in a report on Tuesday, February 17th. Royal Bank Of Canada reissued an “outperform” rating on shares of L’Oreal in a report on Tuesday, February 17th. Finally, Zacks Research lowered shares of L’Oreal from a “strong-buy” rating to a “hold” rating in a report on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

L’Oreal Stock Up 0.9%

The firm’s 50-day moving average price is $84.59 and its 200 day moving average price is $86.53. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.15 and a current ratio of 1.44.

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.