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L’Oréal SA (OTCMKTS:LRLCY – Get Rating) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totalling 23,400 shares, a drop of 30.1% from the June 30th total of 33,500 shares. Based on an average trading volume of 533,900 shares, the days-to-cover ratio is currently 0.0 days.
L’Oréal Stock Performance
Shares of OTCMKTS LRLCY opened at $75.70 on Friday. The stock’s fifty day simple moving average is $68.74 and its 200 day simple moving average is $74.69. L’Oréal has a 52-week low of $62.39 and a 52-week high of $97.48.
Wall Street Analysts Forecast Growth
LRLCY has been the topic of several recent analyst reports. Berenberg Bank dropped their target price on L’Oréal from €350.00 ($357.14) to €333.00 ($339.80) and set a “hold” rating on the stock in a report on Tuesday, July 19th. Stifel Nicolaus dropped their price objective on L’Oréal from €415.00 ($423.47) to €405.00 ($413.27) and set a “buy” rating on the stock in a research note on Tuesday, July 12th. Royal Bank of Canada boosted their price objective on L’Oréal from €260.00 ($265.31) to €282.00 ($287.76) and gave the stock a “sector perform” rating in a research note on Thursday, April 21st. Barclays boosted their price objective on L’Oréal from €410.00 ($418.37) to €421.00 ($429.59) in a research note on Thursday, April 21st. Finally, JPMorgan Chase & Co. dropped their price objective on L’Oréal from €435.00 ($443.88) to €400.00 ($408.16) and set an ” overweight” rating on the stock in a research note on Monday, June 27th. One analyst has rated the stock with a sell rating, four ha ve given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $381.67.
About L’Oréal
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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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