L’Oreal (OTCMKTS:LRLCY) Reaches New 12-Month High – Time to Buy?

Shares of L’Oreal SA (OTCMKTS:LRLCY) hit a new 52-week high during trading on Thursday. The stock traded as high as $98.99 and last traded at $98.99, with a volume of 83,597 shares. The stock had previously closed at $90.96.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on LRLCY shares. BNP Paribas Exane raised shares of L’Oreal from a “neutral” rating to an “outperform” rating in a research report on Wednesday, September 2nd. Citigroup reiterated a “buy” rating on shares of L’Oreal in a report on Friday. Jefferies Financial Group raised L’Oreal from an “underperform” rating to a “hold” rating in a research report on Wednesday, August 5th. Finally, Argus set a $100.00 price target on L’Oreal in a research note on Tuesday, August 18th. Eight research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $100.00.

L’Oreal Price Performance

The business has a fifty day moving average of $88.27 and a 200 day moving average of $87.16. The company has a current ratio of 0.97, a quick ratio of 0.70 and a debt-to-equity ratio of 0.29.

About L’Oreal

L’Oréal SA is a France-based beauty and personal care company whose shares trade in the United States under the symbol LRLCY. Founded in 1909 by chemist Eugène Schueller, the company has grown into a global provider of cosmetics, skincare, haircare, hair color, fragrances and professional beauty products. Its headquarters are in Clichy, France.

L’Oréal operates through four principal divisions: Professional Products, Consumer Products, L’Oréal Luxe and Dermatological Beauty. Its portfolio includes brands such as L’Oréal Paris, Garnier, Maybelline New York, Lancôme, Yves Saint Laurent Beauty, Kiehl’s, Redken, La Roche-Posay, Vichy and CeraVe.