L'Oreal (OTCMKTS:LRLCY) Reaches New 1-Year High - Should You Buy?

Key Points

• L'Oreal's stock has reached a new 52-week high, trading at $91.82, after closing at $90.79 previously.
• Recent analyst ratings show a mix of opinions; JPMorgan upgraded L'Oreal to "neutral," while Barclays downgraded it to "underweight," resulting in an average rating of "Hold."
• The company operates in various sectors, including Consumer Products and Dermatological Beauty, offering diverse cosmetic products worldwide.

L'Oreal SA (OTCMKTS:LRLCY - Get Free Report) hit a new 52-week high during trading on Friday . The stock traded as high as $91.88 and last traded at $91.82, with a volume of 7933 shares changing hands. The stock had previously closed at $90.79.

Analyst Ratings Changes

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

L'Oreal Price Performance

The company has a current ratio of 1.13, a quick ratio of 0.81 and a debt-to-equity ratio of 0.16. The business has a 50-day simple moving average of $86.99 and a 200-day simple moving average of $81.96.

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.