L’Oreal (OTCMKTS:LRLCY) Shares Gap Up – Here’s What Happened

L’Oreal SA (OTCMKTS:LRLCY) shares gapped up before the market opened on Friday . The stock had previously closed at $84.91, but opened at $89.07. L’Oreal shares last traded at $89.41, with a volume of 22,262 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. DZ Bank raised shares of L’Oreal from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 25th. Rothschild & Co Redburn raised L’Oreal from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 25th. Erste Group Bank cut shares of L’Oreal from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Citigroup restated a “neutral” rating on shares of L’Oreal in a report on Friday, November 21st. Finally, Jefferies Financial Group reaffirmed an “underperform” rating on shares of L’Oreal in a research report on Tuesday, October 21st. Three research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

L’Oreal Trading Up 5.7%

The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.90 and a current ratio of 1.19. The company has a 50-day simple moving average of $84.99 and a two-hundred day simple moving average of $87.25.

About L’Oreal

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.