5 Best European Companies To Invest In

3. L’Oréal S.A. (OTC:LRLCY)

Number of Hedge Fund Holders: 2

Stock performance YTD through November 27: -17%

L’Oréal S.A. (OTC:LRLCY) is a French personal care and cosmetics company that sells and markets hair color, skin care, sun screen, make-up, perfume, and hair care products. L’Oréal S.A. (OTC:LRLCY) is one of the largest cosmetics companies in the world. 

On August 3 it was announced that L’Oréal S.A. (OTC:LRLCY)’s sales rebounded by 33.5% in Q2 2021, after a tough prior-year quarter, and were 8.4% higher than 2019 levels. With a market capitalization of $269.1 billion, L’Oréal S.A. (OTC:LRLCY) is one of the best European companies to invest in. 

Deutsche Bank analyst Tom Sykes on December 9 raised the price target on L’Oréal S.A. (OTC:LRLCY) to €450 from €430 and kept a Buy rating on the shares.

Fisher Asset Management, an approximately $161 billion Wall Street fund, is the largest L’Oréal S.A. (OTC:LRLCY) stakeholder, with 13.70 million shares worth $1.13 billion.