L’Oreal (OTCMKTS:LRLCY) Sets New 52-Week High – Should You Buy?

L’Oreal SA (OTCMKTS:LRLCY)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $95.10 and last traded at $94.37, with a volume of 291574 shares trading hands. The stock had previously closed at $93.03.

Analysts Set New Price Targets

Several analysts have commented on the stock. JPMorgan Chase & Co. upgraded shares of L’Oreal from an “underweight” rating to a “neutral” rating in a research report on Thursday, July 31st. Barclays cut shares of L’Oreal from an “overweight” rating to an “underweight” rating in a report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, L’Oreal has an average rating of “Hold”.

L’Oreal Trading Up 1.4%

The company has a debt-to-equity ratio of 0.16, a current ratio of 1.13 and a quick ratio of 0.81. The business’s 50 day moving average is $87.14 and its 200-day moving average is $82.05.

About L’Oreal

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.