L’Oréal (OTCMKTS:LRLCY) Sets New 1-Year Low – What’s Next?

by · The Markets Daily

Shares of L’Oréal S.A. (OTCMKTS:LRLCY – Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $67.10 and last traded at $68.17, with a volume of 186244 shares trading hands. The stock had previously closed at $69.21.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on LRLCY shares. JPMorgan Chase & Co. downgraded L’Oréal from a “neutral” rating to an “underweight” rating in a research report on Wednesday, October 16th. DZ Bank downgraded shares of L’Oréal from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, BNP Paribas cut shares of L’Oréal from a “neutral” rating to an “underperform” rating in a research note on Tuesday, September 10th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Get Our Latest Analysis on LRLCY

L’Oréal Stock Performance

The company has a current ratio of 1.01, a quick ratio of 0.73 and a debt-to-equity ratio of 0.13. The business has a 50 day simple moving average of $70.86 and a two-hundred day simple moving average of $80.25.

About L’Oréal

(Get Free Report)

L'Oréal SA, through its subsidiaries, manufactures and sells cosmetic products for women and men worldwide. The company operates through four divisions: Consumer Products, L'oréal Luxe, Professional Products, and Dermatological Beauty. It offers skincare, make-up, hair colourants, haircare, perfumes, and hygiene products.

Read More