L’Oreal (OTCMKTS:LRLCY) Stock Breaks Below 50-Day Moving Average – Here’s Why

Shares of L’Oreal SA (OTCMKTS:LRLCY) crossed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $88.32 and traded as low as $85.90. L’Oreal shares last traded at $86.58, with a volume of 114,598 shares traded.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LRLCY. BNP Paribas Exane raised shares of L’Oreal from a “neutral” rating to an “outperform” rating in a report on Wednesday, September 2nd. Citigroup raised shares of L’Oreal from a “neutral” rating to a “buy” rating in a report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft lowered shares of L’Oreal from a “hold” rating to a “sell” rating in a research note on Monday, June 22nd. Jefferies Financial Group raised shares of 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 given a Sell rating to the stock. According to data from MarketBeat, L’Oreal currently has an average rating of “Moderate Buy” and an average price target of $100.00.

L’Oreal Price Performance

The business’s fifty day simple moving average is $88.28 and its 200 day simple moving average is $86.36. The company has a quick ratio of 0.70, a current ratio of 0.97 and a debt-to-equity ratio of 0.29.

L’Oreal Company Profile

L’Oréal is a France-based beauty and cosmetics company founded in 1909 by chemist Eugène Schueller. Headquartered in Clichy, France, the company develops, manufactures and markets beauty products for consumers and professional customers worldwide.

Its portfolio includes hair color, hair care, skin care, makeup, fragrances and personal-care products. L’Oréal organizes its operations across Professional Products, Consumer Products, L’Oréal Luxe and Dermatological Beauty, with brands including L’Oréal Paris, Maybelline New York, Garnier, Lancôme, Yves Saint Laurent Beauty, Kiehl’s, La Roche-Posay and CeraVe.

L’Oréal serves customers through salons, mass-market retailers, department stores, specialty beauty retailers, pharmacies and e-commerce channels.