L’Oreal SA

Screen Shot 2017-04-11 at 4.00.58 pmL’Oreal is one of the world’s biggest cosmetics & body care producers. It has very low gearing & one of the highest net profit margin amongst its peers.

Recently its been attempting to test new highs & broken above the key level of €177.50. If if breaks above €181.5 & stays above with strength, the next upside target price is €205, followed by €260, its 161.8% fib extension from its 2009 lows.