Royal Bank of Canada Increases L’Oréal (OTCMKTS:LRLCY) Price Target to €282.00

L’Oréal (OTCMKTS:LRLCYGet Rating) had its price target raised by investment analysts at Royal Bank of Canada from €260.00 ($279.57) to €282.00 ($303.23) in a report released on Thursday, The Fly reports. The brokerage currently has a “sector perform” rating on the stock.

Other research analysts also recently issued research reports about the stock. Morgan Stanley cut their target price on shares of L’Oréal from €395.00 ($424.73) to €385.00 ($413.98) in a research note on Friday, April 1st. Societe Generale downgraded shares of L’Oréal from a “buy” rating to a “sell” rating and dropped their price objective for the company from €458.00 ($492.47) to €339.00 ($364.52) in a research note on Monday, February 21st. Credit Suisse Group raised shares of L’Oréal from an “underperform” rating to a “neutral” rating in a research report on Thursday, February 3rd. Deutsche Bank Aktiengesellschaft cut their price target on shares of L’Oréal from €450.00 ($483.87) to €420.00 ($451.61) in a research note on Friday, March 18th. Finally, Zacks Investment Research lowered shares of L’Oréal from a “hold” rating to a “sell” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $342.38.

Shares of LRLCY stock opened at $75.72 on Thursday. The firm has a 50-day moving average price of $78.44 and a 200 day moving average price of $86.16. L’Oréal has a twelve month low of $71.04 and a twelve month high of $97.48.

About L’Oréal (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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