L'Oréal Stock Surges to €372.40: BNP Raises Target, Jefferies Holds Firm
Midday trading sees a surge in the stock of the cosmetics giant on Euronext Paris, in a buoyant Parisian market. The CAC 40 is up 3.12% at 8,313.70 points during the session. The increase follows two contrasting analyst movements earlier in the week.
BNP Paribas Raises Target from €350 to €414, Jefferies Maintains Sell Rating
BNP Paribas has increased its price target on L'Oréal from €350 to €414, upgrading from 'underperform' to 'neutral'. The new target price represents a potential of about 11% compared to the current price of €372.40. On Monday, Jefferies took a contrary position with a 'underperform' rating and reduced its target from €326 to €323, indicating a gap of about 13% below the current price. Thus, consensus opinions remain divided on the valuation. As a reminder, the company reported on April 22 a quarterly revenue of €12.15 billion, up 3.6% in reported data and 6.7% in adjusted comparable data, as indicated by the Q1 release. Negative currency effects, estimated at 5.5% as of March 31, then weighed on the accounting interpretation.
The Stock Moves Above its 50 and 200 Day Moving Averages
At €372.40, the price crosses the 50-day moving average (€363.68) and approaches the 200-day average (€374.31), which is about 0.5% above the current level. The RSI at 49 remains neutral, showing no signs of pressure. The technical resistance identified at €377.45 now limits the short-term rise, while the upper Bollinger band is positioned at €380.17. Over three months, the stock is still down by 5.65% and has declined by 4.48% over a year. The next important date on the calendar is the publication of the semi-annual results for 2026, scheduled for July 29 and 30.
