L'Oreal (OTCMKTS:LRLCY) Shares Gap Down - Here's Why

Key Points

• Shares gapped down: L'Oréal opened at $84.39 after closing at $88.62 the previous session and was last quoted at $84.78 on light volume (4,455 shares).
• Wall Street view is generally positive: The stock has an average rating of "Moderate Buy" with recent upgrades from HSBC, Barclays and UBS and an analyst split of 1 Strong Buy, 5 Buy, 5 Hold and 1 Sell.
• Technicals and balance-sheet metrics: The stock trades near its 50-day ($84.73) and 200-day ($86.48) moving averages and shows low leverage (debt-to-equity 0.23) with modest liquidity (current ratio 1.44, quick ratio 1.15).

Shares of L'Oreal SA (OTCMKTS:LRLCY - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $88.62, but opened at $84.39. L'Oreal shares last traded at $84.78, with a volume of 4,455 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. HSBC raised L'Oreal to a "buy" rating in a research report on Tuesday, February 17th. Barclays raised L'Oreal from an "underweight" rating to an "overweight" rating in a research report on Friday, January 23rd. UBS Group raised L'Oreal from a "neutral" rating to a "buy" rating in a research report on Friday, January 9th. Deutsche Bank Aktiengesellschaft raised L'Oreal to a "hold" rating in a research report on Monday, January 12th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of L'Oreal in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy".

L'Oreal Price Performance

The firm has a 50-day moving average price of $84.73 and a 200-day moving average price of $86.48. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 1.15.

L'Oreal Company Profile

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.

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