LG Display Co. (LPL) Shares Gap Up to $13.75
Shares of LG Display Co. (NYSE:LPL) gapped up before the market opened on Friday . The stock had previously closed at $13.60, but opened at $13.75. LG Display shares last traded at $14.04, with a volume of 231,109 shares trading hands.
A number of research firms recently issued reports on LPL. Zacks Investment Research cut LG Display from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Bank of America Corp. raised LG Display from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 19th. Nomura cut LG Display from a “neutral” rating to a “reduce” rating in a research report on Friday, April 15th. TheStreet cut LG Display from a “buy” rating to a “hold” rating in a research report on Tuesday, May 24th. Finally, Macquarie cut LG Display from a “neutral” rating to an “underperform” rating in a research report on Friday, April 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $12.48.
The company has a 50-day moving average price of $11.83 and a 200-day moving average price of $10.64. The firm has a market cap of $9.99 billion and a price-to-earnings ratio of 22.41.
An institutional investor recently raised its position in LG Display stock. Dimensional Fund Advisors LP raised its stake in LG Display Co. (NYSE:LPL) by 0.5% during the fourth quarter, according to its most recent filing with the SEC. The fund 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 1.18% of LG Display worth $88,312,000 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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