LG Display Co. (LPL) Stock Price Down 1.9%
Shares of LG Display Co. (NYSE:LPL) fell 1.9% during trading on Monday . The stock traded as low as $13.61 and last traded at $13.72, with a volume of 292,539 shares traded. The stock had previously closed at $13.99.
Several analysts recently issued reports on LPL shares. Nomura raised shares of LG Display from a “reduce” rating to a “neutral” rating in a research report on Tuesday, June 28th. Zacks Investment Research raised shares of LG Display from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Wednesday, July 13th. Macquarie downgraded shares of LG Display from a “neutral” rating to an “underperform” rating in a research report on Friday, April 15th. Deutsche Bank AG raised shares of LG Display from a “hold” rating to a “buy” rating in a research report on Friday, May 20th. Finally, Barclays PLC started coverage on shares of LG Display in a research report on Tuesday, June 21st. They issued an “overweight” rating and a $14.00 price target for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $12.48.
The stock has a 50-day moving average price of $12.45 and a 200-day moving average price of $10.86. The stock has a market cap of $9.85 billion and a PE ratio of 119.22.
An institutional investor recently raised its position 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 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 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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