LG Display Co. (LPL) Hits New 12-Month High at $12.75
LG Display Co. (NYSE:LPL) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $12.75 and last traded at $12.69, with a volume of 145,279 shares traded. The stock had previously closed at $12.46.
Several research analysts have commented on LPL shares. Cowen and Company upped their target price on shares of LG Display from $11.20 to $12.90 in a research report on Monday, March 21st. Deutsche Bank AG upgraded shares of LG Display from a “hold” rating to a “buy” rating in a research report on Friday, May 20th. TheStreet upgraded shares of LG Display from a “hold” rating to a “buy” rating in a research report on Wednesday, March 30th. Zacks Investment Research upgraded shares of LG Display from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Wednesday. Finally, Nomura Holdings Inc. upgraded shares of LG Display from a “reduce” rating to a “neutral” rating in a research report on Tuesday, June 28th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $12.18.
The firm has a market capitalization of $9.07 billion and a price-to-earnings ratio of 20.57. The company’s 50 day moving average is $11.10 and its 200-day moving average is $10.40.
Several institutional investors have added to or reduced their stakes in LPL. Profund Advisors LLC increased its position in LG Display by 3.6% in the fourth quarter. Profund Advisors LLC now owns 110,764 shares of the company’s stock worth $1,156,000 after buying an additional 3,814 shares during the last quarter. Edgemoor Investment Advisors Inc. increased its position in LG Display by 46.9% in the fourth quarter. Edgemoor Investment Advisors Inc. now owns 164,660 shares of the company’s stock worth $1,719,000 after buying an additional 52,600 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in LG Display by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,457,899 shares of the company’s stock worth $88,312,000 after buying an additional 44,830 shares during the last quarter.
LG Display Co, Ltd. manufactures thin-film transistor liquid crystal display (TFT-LCD), organic light emitting diode (OLED) and other display panel technologies. It manufactures display panels in a range of sizes and specifications primarily for use in televisions, notebook computers, desktop monitors, tablet computers and various other applications, including mobile devices.
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