L’Oreal (OTCMKTS:LRLCY) Shares Gap Down – Here’s Why

L’Oreal SA (OTCMKTS:LRLCY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $88.62, but opened at $84.39. L’Oreal shares last traded at $84.78, with a volume of 4,455 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. HSBC raised L’Oreal to a “buy” rating in a research report on Tuesday, February 17th. Royal Bank Of Canada reissued an “outperform” rating on shares of L’Oreal in a report on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft raised L’Oreal to a “hold” rating in a report on Monday, January 12th. Zacks Research cut L’Oreal from a “strong-buy” rating to a “hold” rating in a report on Friday, March 6th. Finally, Barclays raised L’Oreal from an “underweight” rating to an “overweight” rating in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

L’Oreal Stock Down 5.5%

The company has a quick ratio of 1.15, a current ratio of 1.44 and a debt-to-equity ratio of 0.23. The business has a fifty day moving average of $84.73 and a 200-day moving average of $86.48.

L’Oreal Company Profile

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.