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IceCream Sunscreen
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L’Oréal (OTCMKTS:LRLCY – Get Rating) was downgraded by investment analysts at Royal Bank of Canada from a “sector perform” rating to an “underperform” rating in a research report issued to clients and investors on Monday, The Fly reports.
Several other analysts have also weighed in on the company. Berenberg Bank cut their price objective on L’Oréal from €347.00 ($365.26) to €314.00 ($330.53) in a report on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft cut their price objective on L’Oréal from €400.00 ($421.05) to €380.00 ($400.00) in a report on Tuesday, October 11th. JPMorgan Chase & Co. lowered L’Oréal from an “overweight” rating to a “neutral” rating in a report on Thursday, December 1st. BNP Paribas lowered L’Oréal from an “outperform” rating to a “neutral” rating in a report on Wednesday, September 14th. Finally, Morgan Stanley cut their price objective on L’Oréal from €385.00 ($405.26) to €365.00 ($384.21) and set an “equal weight” rating for the company in a report on Tuesday, October 11th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $372.89.
L’Oréal Stock Performance
Shares of L’Oréal stock opened at $74.80 on Monday. The business has a fifty day simple moving average of $68.05 and a 200-day simple moving average of $68.79. L’Oréal has a fifty-two week low of $58.38 and a fifty-two week high of $97.47.
L’Oréal Company Profile
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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