L’Oréal (OTCMKTS:LRLCY) was downgraded by equities research analysts at Evercore ISI to an “outperform” rating in a research report issued on Friday, The Fly reports.
Other research analysts have also issued research reports about the company. Sanford C. Bernstein assumed coverage on L’Oréal in a report on Monday, October 12th. They set an “outperform” rating for the company. Zacks Investment Research lowered L’Oréal from a “buy” rating to a “hold” rating in a report on Friday. The Goldman Sachs Group raised L’Oréal from a “neutral” rating to a “buy” rating in a report on Monday, September 28th. Berenberg Bank raised L’Oréal from a “sell” rating to a “hold” rating in a report on Monday, October 26th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of L’Oréal in a report on Thursday, December 3rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $80.50.
Shares of LRLCY opened at $74.88 on Friday. The firm has a market cap of $209.40 billion, a P/E ratio of 59.90, a price-to-earnings-growth ratio of 8.05 and a beta of 0.54. L’Oréal has a fifty-two week low of $43.46 and a fifty-two week high of $77.46. The business has a 50-day moving average of $74.30 and a 200 day moving average of $68.48.
About L’Oréal
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 Active Cosmetics. It offers shampoos, hair care products, shower gels, skin care products, cleansers, hair colors, styling products, deodorants, sun care products, make-up, perfumes, etc.
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