L'Oreal SA (LRLCY) Cut to “Hold” at Zacks Investment Research
Zacks Investment Research cut shares of L'Oreal SA (NASDAQ:LRLCY) from a buy rating to a hold rating in a report issued on Wednesday morning.
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 reports about the company. Stifel Nicolaus lowered L'Oreal SA from a buy rating to a hold rating in a report on Thursday, July 20th. Jefferies Group LLC began coverage on L'Oreal SA in a report on Tuesday, July 25th. They set a hold rating on the stock. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $103.00.
L'Oreal SA (LRLCY) traded up 0.07% on Wednesday, hitting $42.94. The stock had a trading volume of 67,963 shares. The company’s 50 day moving average is $41.80 and its 200-day moving average is $40.66. L'Oreal SA has a 12 month low of $33.38 and a 12 month high of $43.95. The stock has a market cap of $120.06 billion and a P/E ratio of 28.22.
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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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