LG Display Co. (LPL) Trading 3.1% Higher
LG Display Co. (NYSE:LPL)’s share price traded up 3.1% on Tuesday . The company traded as high as $13.18 and last traded at $13.11, with a volume of 261,640 shares traded. The stock had previously closed at $12.72.
A number of equities analysts recently weighed in on the stock. Nomura upgraded shares of LG Display from a “reduce” rating to a “neutral” rating in a report on Tuesday, June 28th. Nomura Holdings Inc. upgraded shares of LG Display from a “reduce” rating to a “neutral” rating in a report on Tuesday, June 28th. Zacks Investment Research upgraded shares of LG Display from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Wednesday, July 13th. Deutsche Bank AG upgraded shares of LG Display from a “hold” rating to a “buy” rating in a report on Friday, May 20th. Finally, Macquarie lowered shares of LG Display from a “neutral” rating to an “underperform” rating in a report on Friday, April 15th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $12.18.
The firm has a market capitalization of $9.39 billion and a PE ratio of 21.06. The stock’s 50 day moving average price is $11.27 and its 200 day moving average price is $10.45.
An institutional investor recently raised its position in LG Display stock. Edgemoor Investment Advisors Inc. raised its position in shares of LG Display Co. (NYSE:LPL) by 46.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 164,660 shares of the company’s stock after buying an additional 52,600 shares during the period. Edgemoor Investment Advisors Inc.’s holdings in LG Display were worth $1,719,000 as of its most recent SEC filing.
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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