L’Oreal (OTCMKTS:LRLCY) Shares Gap Down – What’s Next?

L’Oreal SA (OTCMKTS:LRLCY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $86.03, but opened at $83.49. L’Oreal shares last traded at $86.16, with a volume of 3,511 shares traded.

Analysts Set New Price Targets

LRLCY has been the subject of a number of research reports. Rothschild & Co Redburn upgraded shares of L’Oreal from a “neutral” rating to a “buy” rating in a report on Tuesday, November 25th. Erste Group Bank downgraded shares of L’Oreal from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. DZ Bank raised L’Oreal from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 25th. Citigroup reiterated a “neutral” rating on shares of L’Oreal in a report on Friday, November 21st. Finally, Jefferies Financial Group reissued an “underperform” rating on shares of L’Oreal in a research note on Tuesday, October 21st. Three research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

L’Oreal Price Performance

The business’s 50 day moving average is $85.28 and its 200 day moving average is $87.24. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.90 and a current ratio of 1.19.

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.