Loreal, FR0000120321

Berenberg keeps Buy rating for L'Oreal stock at EUR 447.00

Published on 10/02/2026 at 12:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half 2026 sales rose 6.50 percent to EUR 23.77 billion. L'Oreal stock is EUR 374.40 on October 2, 2026 after EUR 372.53, plus 0.50 percent.

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L'Oreal stock (ISIN FR0000120321) was trading at EUR 374.40 at Lang & Schwarz on October 2, 2026 at 12:49 p.m. CEST, up 0.50 percent from the prior close of EUR 372.53. Berenberg maintained a Buy rating and a EUR 447.00 price target on September 29, 2026, according to The Globe and Mail.

Berenberg target stays above the price

Bethan Davies of Berenberg kept the Buy view and target unchanged at EUR 447.00. Measured against the Lang & Schwarz price, that target lies 19.39 percent above the stock's EUR 374.40 intraday level.

The same report places the analyst consensus at Moderate Buy with an average target of EUR 404.10. That consensus target lies 7.93 percent above the Lang & Schwarz price, leaving the individual Berenberg view above the broader estimate.

First-half margin sets the benchmark

L'Oreal's first-half 2026 performance supplies the operating backdrop for the valuation debate. The company's investor-relations page reported 6.50 percent adjusted like-for-like growth and record operating margins for the period in its July 29, 2026 half-year results release, as shown on L'Oreal Finance.

A September 8, 2026 conference summary from Quartr puts first-half 2026 sales at EUR 23.77 billion and operating margin at 21.30 percent. The combination of sales growth and margin expansion explains why analysts can retain positive long-term views while still applying different valuation assumptions.

October revenue becomes the next test

L'Oreal's investor-relations calendar schedules the third-quarter 2026 revenue release for October 22, 2026 after the market close. That date gives the stock a clear numerical checkpoint: investors will compare the next organic-growth rate with the 6.50 percent adjusted like-for-like pace reported for the first half.

Market capitalization stood at EUR 198.5 billion on October 2, 2026. On Euronext Paris, the company trades under ticker OR and belongs to the CAC 40, while the Lang & Schwarz quote remains the relevant euro reference for this article.

Stock price stays near EUR 374

The stock was trading at EUR 374.40 at Lang & Schwarz on October 2, 2026 at 12:49 p.m. CEST, plus 0.50 percent versus the Lang & Schwarz prior close of EUR 372.53 on October 1, 2026. The further course of trading is shown by the continuously updated real-time quote of L'Oreal stock.