L’Oreal (OTCMKTS:LRLCY) Shares Gap Up – Here’s Why

L’Oreal SA (OTCMKTS:LRLCY) gapped up prior to trading on Tuesday . The stock had previously closed at $89.06, but opened at $92.54. L’Oreal shares last traded at $92.06, with a volume of 30,898 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LRLCY shares. UBS Group upgraded L’Oreal from a “neutral” rating to a “buy” rating in a research report on Friday, January 9th. Rothschild & Co Redburn upgraded L’Oreal from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 25th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of L’Oreal in a report on Tuesday. Erste Group Bank cut shares of L’Oreal from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of L’Oreal to a “hold” rating in a research note on Monday, January 12th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

L’Oreal Price Performance

The business has a fifty day simple moving average of $88.92 and a 200 day simple moving average of $88.17. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.19 and a quick ratio of 0.90.

About L’Oreal

L’Oréal SA is a global beauty and personal care company, founded in 1909 by Eugène Schueller and headquartered in Clichy, France. The company develops, manufactures and markets a broad range of consumer and professional products across cosmetics, skin care, hair care, hair color, and fragrances. L’Oréal serves customers around the world through a combination of direct retail, salons, pharmacies, department stores and e-commerce, operating in numerous countries across Europe, the Americas, Asia-Pacific, Africa and the Middle East.

Operations are organized around several business divisions that target distinct channels and consumer segments, including Consumer Products, L’Oréal Luxe, Professional Products and Active Cosmetics.