L'Oreal (OTCMKTS:LRLCY) Hits New 12-Month High - Should You Buy?

Key Points

• L'Oreal shares reached a new 52-week high of $95.10, with the last trading price at $94.37, marking a significant increase from a previous close of $93.03.
• Analysts have mixed views on L'Oreal, with one upgrading the stock to "neutral," while Barclays downgraded it; overall, the stock holds an average rating of "Hold."
• The company maintains a low debt-to-equity ratio of 0.16, indicating a stable financial position relative to its equity.

L'Oreal SA (OTCMKTS:LRLCY - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $95.10 and last traded at $94.37, with a volume of 291574 shares traded. The stock had previously closed at $93.03.

Analyst Ratings Changes

Several analysts recently issued reports on LRLCY shares. JPMorgan Chase & Co. raised L'Oreal from an "underweight" rating to a "neutral" rating in a research note on Thursday, July 31st. Barclays lowered shares of L'Oreal from an "overweight" rating to an "underweight" rating in a research report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, L'Oreal currently has an average rating of "Hold".

L'Oreal Trading Up 0.3%

The stock's 50-day simple moving average is $87.57 and its two-hundred day simple moving average is $82.64. 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.