L’Oreal (OTCMKTS:LRLCY) Hits New 1-Year High – Time to Buy?

L’Oreal SA (OTCMKTS:LRLCY)’s stock price reached a new 52-week high during mid-day trading on Wednesday. The company traded as high as $100.33 and last traded at $100.1350, with a volume of 3,632 shares changing hands. The stock had previously closed at $97.96.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Argus set a $100.00 price target on L’Oreal in a report on Tuesday, August 18th. Citigroup reissued a “buy” rating on shares of L’Oreal in a research note on Friday, October 23rd. Erste Group Bank upgraded shares of L’Oreal from a “hold” rating to a “strong-buy” rating in a report on Friday, October 30th. Jefferies Financial Group upgraded shares of L’Oreal from an “underperform” rating to a “hold” rating in a report on Wednesday, August 5th. Finally, BNP Paribas Exane raised shares of L’Oreal from a “neutral” rating to an “outperform” rating in a research report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, L’Oreal presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.00.

L’Oreal Stock Up 3.8%

The company has a debt-to-equity ratio of 0.29, a current ratio of 0.97 and a quick ratio of 0.70. The stock has a 50-day moving average price of $89.31 and a 200-day moving average price of $87.67.

L’Oreal Company Profile

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.