LG Display Co. (LPL) Shares Gap Up to $13.75
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.
Several research analysts have commented on LPL shares. Bank of America Corp. raised shares of LG Display from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 19th. Nomura lowered shares of LG Display from a “neutral” rating to a “reduce” rating in a research report on Friday, April 15th. Zacks Investment Research lowered shares of LG Display from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 29th. TheStreet lowered shares of LG Display from a “buy” rating to a “hold” rating in a research report on Tuesday, May 24th. Finally, Credit Agricole SA raised shares of LG Display from a “sell” rating to an “outperform” rating in a research report on Wednesday, July 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. LG Display currently has an average rating of “Buy” and a consensus price target of $12.48.
The stock has a market capitalization of $9.99 billion and a P/E ratio of 124.64. The firm’s 50-day moving average price is $11.83 and its 200-day moving average price is $10.64.
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 Form 13F filing with the Securities and Exchange Commission. 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 reporting period.
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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