L’Oreal (OTCMKTS:LRLCY) Shares Pass Below 50-Day Moving Average – Here’s Why

L’Oreal SA (OTCMKTS:LRLCY)’s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $88.92 and traded as low as $79.92. L’Oreal shares last traded at $80.50, with a volume of 172,654 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Royal Bank Of Canada reissued an “outperform” rating on shares of L’Oreal in a research note on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft raised L’Oreal to a “hold” rating in a research report on Monday, January 12th. UBS Group upgraded shares of L’Oreal from a “neutral” rating to a “buy” rating in a research note on Friday, January 9th. Rothschild & Co Redburn raised shares of L’Oreal from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 25th. Finally, Barclays upgraded shares of L’Oreal from an “underweight” rating to an “overweight” rating in a research note on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

L’Oreal Trading Up 0.5%

The firm has a 50 day simple moving average of $88.92 and a 200 day simple moving average of $87.33. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.15 and a current ratio of 1.44.

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.