L’Oreal (OTCMKTS:LRLCY) Shares Gap Down – Here’s Why

L’Oreal SA (OTCMKTS:LRLCY)’s share price gapped down prior to trading on Friday . The stock had previously closed at $86.03, but opened at $83.49. L’Oreal shares last traded at $86.16, with a volume of 3,511 shares changing hands.

Analysts Set New Price Targets

LRLCY has been the topic of several research analyst reports. DZ Bank upgraded shares of L’Oreal from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 25th. Rothschild Redb raised L’Oreal from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 25th. Rothschild & Co Redburn raised L’Oreal from a “neutral” rating to a “buy” rating in a report on Tuesday, November 25th. Citigroup reissued a “neutral” rating on shares of L’Oreal in a research report on Friday, November 21st. Finally, Erste Group Bank lowered L’Oreal from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Three analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

L’Oreal Stock Performance

The stock has a fifty day moving average of $85.40 and a 200-day moving average of $87.25. The company has a current ratio of 1.19, a quick ratio of 0.90 and a debt-to-equity ratio of 0.15.

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.