Most people know LOREAL are a great company, but they also know that buying their shares can be a great investment. The French firm returned more than 30% from the start of 2023, shares are now trading at EUR 440 and the market cap reached above EUR 230 Bln!
Since the 20th of October, the shares jumped with EUR 67! If you invested a couple of months ago, you would be looking today at around 22% return. Buyers are in total control, as the price is trading way above the 20 day MA. Another massive bullish signal is the Golden Cross pattern right about to complete.
The ability of LOREAL to make money for their shareholders is the clear driver for the fantastic growth of their share price. Their net profit margin is roughly 15%. In other words from EUR 41 Bln in sales, their net income is more than EUR 6 Bln. P/E is at 37, which is not dramatically high, but high enough to indicate that investors love the shares and trust the company. And at 41 Bln in sales this more than normal.
Our analysts have an idea about LOREAL’s next price move. Please visit our premium section to see our preferred direction.
Disclaimer: Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. SharesDealing does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. SharesDealing and the author will not be held responsible for this information.
SharesDealing and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. SharesDealing and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and SharesDealing are not registered investment advisors and nothing in this article is intended to be investment advice.
