L'Oreal SA (LRLCY) Downgraded to “Hold” at Zacks Investment Research
L'Oreal SA (NASDAQ:LRLCY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Saturday.
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. “
Other analysts have also issued research reports about the company. Stifel Nicolaus lowered L'Oreal SA from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. Jefferies Group LLC assumed coverage on L'Oreal SA in a research note on Tuesday, July 25th. They set a “hold” rating for the company. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $103.00.
L'Oreal SA (LRLCY) opened at 43.32 on Friday. L'Oreal SA has a one year low of $33.38 and a one year high of $43.95. The company has a market cap of $121.12 billion and a price-to-earnings ratio of 27.88. The company has a 50-day moving average of $42.01 and a 200-day moving average of $41.00.
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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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