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JPMorgan Chase & Co. Upgrades L'Oreal (OTCMKTS:LRLCY) to Neutral

L'Oreal logo with Consumer Staples background

Key Points

  • JPMorgan Chase & Co. upgraded L'Oreal from an "underweight" to a "neutral" rating, indicating a more favorable view of the company's stocks as of Thursday.
  • In contrast, Barclays downgraded L'Oreal from "overweight" to "underweight," reflecting mixed analyst sentiments where the stock has received various ratings, including two sell ratings and one strong buy.
  • L'Oreal's stock saw a 4.0% increase, with its current trading price at $88.88, while its average rating remains at "Hold" according to MarketBeat.
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JPMorgan Chase & Co. upgraded shares of L'Oreal (OTCMKTS:LRLCY - Free Report) from an underweight rating to a neutral rating in a research note published on Thursday, MarketBeat.com reports.

Separately, Barclays cut L'Oreal from an "overweight" rating to an "underweight" rating in a research note on Tuesday, July 15th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold".

Get Our Latest Research Report on L'Oreal

L'Oreal Stock Up 1.0%

L'Oreal stock traded up $0.88 during mid-day trading on Thursday, hitting $87.81. The company's stock had a trading volume of 54,470 shares, compared to its average volume of 183,374. L'Oreal has a 1 year low of $66.64 and a 1 year high of $91.57. 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 stock's fifty day moving average is $85.99 and its two-hundred day moving average is $80.68.

L'Oreal Company Profile

(Get Free Report)

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.

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Analyst Recommendations for L'Oreal (OTCMKTS:LRLCY)

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