L’Oreal (OTCMKTS:LRLCY) Shares Gap Up – Time to Buy?

L’Oreal SA (OTCMKTS:LRLCY)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $80.53, but opened at $87.32. L’Oreal shares last traded at $87.24, with a volume of 17,283 shares trading hands.

Analyst Upgrades and Downgrades

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

L’Oreal Trading Up 2.1%

The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.15 and a current ratio of 1.44. The stock’s 50 day simple moving average is $85.23 and its 200-day simple moving average is $86.53.

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.