L'Oreal (OTCMKTS:LRLCY) Downgraded to "Underperform" Rating by Jefferies Financial Group

Key Points

• Jefferies Financial Group has downgraded L'Oreal from a "hold" to an "underperform" rating, highlighting a shift in market sentiment towards the stock.
• Barclays also lowered its rating from "overweight" to "underweight", while JPMorgan upgraded it from "underweight" to "neutral," indicating mixed analyst perspectives.
• L'Oreal's shares recently opened at $91.32 and have experienced a 52-week range from a low of $66.64 to a high of $95.10.

Jefferies Financial Group cut shares of L'Oreal (OTCMKTS:LRLCY - Free Report) from a hold rating to an underperform rating in a research report released on Tuesday, Marketbeat reports.

LRLCY has been the subject of several other reports. Barclays cut L'Oreal from an "overweight" rating to an "underweight" rating in a research report on Tuesday, July 15th. JPMorgan Chase & Co. raised L'Oreal from an "underweight" rating to a "neutral" rating in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold".

L'Oreal Stock Performance

OTCMKTS LRLCY traded down $2.11 during trading hours on Tuesday, hitting $86.87. 84,632 shares of the company traded hands, compared to its average volume of 92,919. The business's 50-day moving average is $89.81 and its 200-day moving average is $85.06. L'Oreal has a twelve month low of $66.64 and a twelve month high of $95.10. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.81 and a current ratio of 1.13.

About L'Oreal

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 Dermatological Beauty. It offers skincare, make-up, hair colourants, haircare, perfumes, and hygiene products.