Berenberg Bank Downgrades L’Oréal (OTCMKTS:LRLCY) to Hold

L’Oréal (OTCMKTS:LRLCY) was downgraded by research analysts at Berenberg Bank from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, Marketbeat Ratings reports.

A number of other research analysts have also recently weighed in on the stock. Argus upgraded shares of L’Oréal to a “strong-buy” rating in a research note on Thursday, February 13th. Royal Bank of Canada upgraded L’Oréal from a “sector perform” rating to an “outperform” rating in a research note on Friday, March 21st. Two research analysts have rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, L’Oréal presently has an average rating of “Hold”.

L’Oréal Stock Down 2.3 %

Shares of L’Oréal stock opened at $73.35 on Tuesday. The stock has a fifty day moving average price of $74.12 and a 200-day moving average price of $75.00. The company has a quick ratio of 0.73, a current ratio of 1.01 and a debt-to-equity ratio of 0.13. L’Oréal has a 1 year low of $66.64 and a 1 year high of $99.65.

L’Oréal Company Profile

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 Dermatological Beauty. It offers skincare, make-up, hair colourants, haircare, perfumes, and hygiene products.