L’Oréal S.A. (OTCMKTS:LRLCY – Get Rating) – Jefferies Financial Group raised their FY2022 earnings per share estimates for L’Oréal in a research report issued on Thursday, November 3rd. Jefferies Financial Group analyst M. Deboo now forecasts that the company will post earnings of $2.16 per share for the year, up from their previous estimate of $2.05. The consensus estimate for L’Oréal’s current full-year earnings is $2.17 per share.
LRLCY has been the subject of a number of other research reports. Morgan Stanley dropped their price objective on L’Oréal from €385.00 ($385.00) to €365.00 ($365.00) and set an “equal weight” rating for the company in a research note on Tuesday, October 11th. BNP Paribas lowered L’Oréal from an “outperform” rating to a “neutral” rating in a research note on Wednesday, September 14th. Berenberg Bank dropped their price target on L’Oréal from €347.00 ($347.00) to €314.00 ($314.00) in a research note on Wednesday, October 26th. Exane BNP Paribas lowered L’Oréal from an “outperform” rating to a “neutral” rating in a research note on Wednesday, September 14th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on L’Oréal from €400.00 ($400.00) to €380.00 ($380.00) in a research note on Tuesday, October 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $372.89.
L’Oréal Stock Up 9.3 %
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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