L’Oreal (OTCMKTS:LRLCY) Shares Gap Up – Should You Buy?

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 trading hands.

Analyst Ratings Changes

Several research analysts have commented on LRLCY shares. Erste Group Bank downgraded shares of L’Oreal from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Rothschild & Co Redburn raised L’Oreal from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 25th. DZ Bank upgraded L’Oreal from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 25th. Rothschild Redb raised L’Oreal from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 25th. Finally, Citigroup reiterated a “neutral” rating on shares of L’Oreal in a research report on Friday, November 21st. Three equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

L’Oreal Trading Up 6.0%

The business has a 50-day simple moving average of $85.12 and a 200-day simple moving average of $87.31. 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.