LG Display Co. (LPL) Reaches New 52-Week High at $13.18
LG Display Co. (NYSE:LPL) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $13.18 and last traded at $13.13, with a volume of 128,792 shares. The stock had previously closed at $13.12.
A number of equities research analysts have issued reports on the company. Bank of America Corp. upgraded LG Display from a “neutral” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research upgraded LG Display from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Wednesday, July 13th. Nomura upgraded LG Display from a “reduce” rating to a “neutral” rating in a research note on Tuesday, June 28th. Credit Agricole SA upgraded LG Display from a “sell” rating to an “outperform” rating in a research note on Wednesday, July 6th. Finally, TheStreet upgraded LG Display from a “hold” rating to a “buy” rating in a research note on Wednesday, March 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $12.18.
The company’s 50-day moving average price is $11.41 and its 200 day moving average price is $10.49. The firm has a market capitalization of $9.42 billion and a PE ratio of 20.89.
A hedge fund recently raised its stake in LG Display stock. Dimensional Fund Advisors LP increased its stake in LG Display Co. (NYSE:LPL) by 0.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,457,899 shares of the company’s stock after buying an additional 44,830 shares during the period. Dimensional Fund Advisors LP owned approximately 1.18% of LG Display worth $88,312,000 at the end of the most recent 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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