L’Oréal (OTCMKTS:LRLCY – Get Rating) had its price objective reduced by JPMorgan Chase & Co. from €435.00 ($457.89) to €400.00 ($421.05) in a note issued to investors on Monday, The Fly reports. The brokerage presently has an “overweight” rating on the stock.
Several other brokerages have also commented on LRLCY. Barclays boosted their price target on L’Oréal from €410.00 ($431.58) to €421.00 ($443.16) in a research note on Thursday, April 21st. Royal Bank of Canada boosted their price target on L’Oréal from €260.00 ($273.68) to €282.00 ($296.84) and gave the company a “sector perform” rating in a research note on Thursday, April 21st. Deutsche Bank Aktiengesellschaft decreased their price target on L’Oréal from €450.00 ($473.68) to €420.00 ($442.11) in a research note on Friday, March 18th. Berenberg Bank boosted their price target on L’Oréal from €339.00 ($356.84) to €350.00 ($368.42) in a research note on Friday, April 22nd. Finally, Morgan Stanley reduced their price objective on L’Oréal from €395.00 ($415.79) to €385.00 ($405.26) in a research note on Friday, April 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $380.88.
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OTCMKTS:LRLCY traded up $3.27 on Monday, reaching $71.60. The stock had a trading volume of 82,600 shares, compared to its average volume of 158,513. The firm’s fifty day moving average is $68.97 and its two-hundred day moving average is $78.84. L’Oréal has a 12-month low of $62.39 and a 12-month high of $97.48.
L’Oréal Company Profile (Get Rating)
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 Active Cosmetics. It offers shampoos, hair care products, shower gels, skin care products, cleansers, hair colors, styling products, deodorants, sun care products, make-up, perfumes, etc.
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