L’Oréal (OTCMKTS:LRLCY) Lowered to “Hold” Rating by Berenberg Bank

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

Several other research firms have also recently issued reports on LRLCY. 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 report on Friday, March 21st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

L’Oréal Stock Down 2.3 %

Shares of LRLCY opened at $73.35 on Tuesday. The business’s 50-day moving average price is $74.12 and its 200-day moving average price is $75.00. The company has a current ratio of 1.01, a quick ratio of 0.73 and a debt-to-equity ratio of 0.13. L’Oréal has a twelve month low of $66.64 and a twelve month high of $99.65.

About L’Oréal

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.