L’Oréal (OTCMKTS:LRLCY) Cut to “Sell” at Zacks Investment Research

L’Oréal (OTCMKTS:LRLCY – Get Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday, Zacks.com reports.

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 research analysts also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of L’Oréal from €450.00 ($473.68) to €420.00 ($442.11) in a research report on Friday, March 18th. Berenberg Bank raised their price target on shares of L’Oréal from €339.00 ($356.84) to €350.00 ($368.42) in a research report on Friday, April 22nd. Royal Bank of Canada raised their price target on shares of L’Oréal from €260.00 ($273.68) to €282.00 ($296.84) and gave the company a “sector perform” rating in a research report on Thursday, April 21st. Societe Generale cut shares of L’Oréal from a “buy” rating to a “sell” rating and dropped their target price for the stock from €458.00 ($482.11) to €339.00 ($356.84) in a report on Monday, February 21st. Finally, Barclays raised their target price on shares of L’Oréal from €410.00 ($431.58) to €421.00 ($443.16) in a report on Thursday, April 21st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $342.38.

Shares of LRLCY opened at $63.99 on Tuesday. The firm has a 50 day moving average of $76.36 and a 200 day moving average of $85.06. L’Oréal has a twelve month low of $63.96 and a twelve month high of $97.48.

L’Oréal Company Profile (Get Rating)

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 Active Cosmetics. It offers shampoos, hair care products, shower gels, skin care products, cleansers, hair colors, styling products, deodorants, sun care products, make-up, perfumes, etc.

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