L'Oreal SA (LRLCY) Upgraded to Buy by Zacks Investment Research
L'Oreal SA (NASDAQ:LRLCY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday. The brokerage currently has a $47.00 price target on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 9.46% from the company’s current price.
According to Zacks, “At L’Oréal, they have made cosmetics the focus of all their energy and know-how for nearly a century. They are fully committed to putting their expertise and research resources to work for the well-being of men and women, in all their diversity, around the world. “
Several other equities analysts have also recently commented on the stock. Jefferies Group LLC assumed coverage on shares of L'Oreal SA in a research note on Tuesday, July 25th. They set a “hold” rating for the company. Stifel Nicolaus cut shares of L'Oreal SA from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. L'Oreal SA currently has a consensus rating of “Hold” and an average price target of $103.00.
L'Oreal SA (NASDAQ:LRLCY) traded up 0.07% on Thursday, hitting $42.94. 67,963 shares of the stock traded hands. The stock has a 50-day moving average of $41.80 and a 200-day moving average of $40.66. The firm has a market cap of $120.21 billion and a price-to-earnings ratio of 28.22. L'Oreal SA has a 12-month low of $33.38 and a 12-month high of $43.95.
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L'Oreal SA Company Profile
L’Oreal SA is a holding company. The Company operates through two operational divisions: Cosmetics Division and Body Shop Division. The Cosmetics Division is organized into four divisions: Professional Products, Consumer Products, L’Oreal Luxe and Active Cosmetics. The Professional Products Division products are used and sold in hair salons and beauty institutes.
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