L'Oreal (OTCMKTS:LRLCY) Hits New 52-Week High - What's Next?

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)'s share price reached 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 traded. The stock had previously closed at $90.79.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LRLCY. JPMorgan Chase & Co. upgraded L'Oreal from an "underweight" rating to a "neutral" rating in a research report on Thursday, July 31st. Barclays lowered 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 issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold".

L'Oreal Price Performance

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

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.