L’Oréal (OTCMKTS:LRLCY) Stock Passes Above 50 Day Moving Average – Should You Sell?

L’Oréal S.A. (OTCMKTS:LRLCY)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $75.50 and traded as high as $82.46. L’Oréal shares last traded at $80.80, with a volume of 262,693 shares.

Analysts Set New Price Targets

Several brokerages have issued reports on LRLCY. Argus raised shares of L’Oréal to a “strong-buy” rating in a research report on Thursday, February 13th. Berenberg Bank downgraded shares of L’Oréal from a “buy” rating to a “hold” rating in a research note on Tuesday, March 25th. Finally, Royal Bank of Canada raised shares of L’Oréal from a “sector perform” rating to an “outperform” rating in a research report on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

L’Oréal Price Performance

The business’s 50 day moving average is $75.50 and its 200-day moving average is $74.19. The company has a quick ratio of 0.73, a current ratio of 1.01 and a debt-to-equity ratio of 0.13.

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.