LG Display Co. (LPL) Reaches New 12-Month High at $14.23
LG Display Co. (NYSE:LPL) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $14.23 and last traded at $14.20, with a volume of 260,268 shares changing hands. The stock had previously closed at $13.77.
LPL has been the subject of a number of research reports. Bank of America Corp. upgraded shares of LG Display from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 19th. Zacks Investment Research upgraded LG Display from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Wednesday, July 13th. Deutsche Bank AG upgraded LG Display from a “hold” rating to a “buy” rating in a research report on Friday, May 20th. TheStreet downgraded LG Display from a “buy” rating to a “hold” rating in a research report on Tuesday, May 24th. Finally, Nomura upgraded LG Display from a “reduce” rating to a “neutral” rating in a research report on Tuesday, June 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $12.48.
The company has a 50 day moving average of $12.64 and a 200-day moving average of $10.92. The stock has a market capitalization of $9.88 billion and a PE ratio of 119.48.
A hedge fund recently raised its stake in LG Display stock. Dimensional Fund Advisors LP boosted its stake in LG Display Co. (NYSE:LPL) by 0.5% during the fourth quarter, according to its most recent disclosure with the SEC. The firm 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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