LG Display Co. (LPL) Shares Gap Up to $13.85
LG Display Co. (NYSE:LPL)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $13.76, but opened at $13.85. LG Display shares last traded at $14.01, with a volume of 56,311 shares changing hands.
Several equities analysts have recently weighed in on the stock. Nomura upgraded shares of LG Display from a “reduce” rating to a “neutral” rating in a research report on Tuesday, June 28th. Zacks Investment Research upgraded shares of 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 shares of LG Display from a “hold” rating to a “buy” rating in a research report on Friday, May 20th. Barclays PLC assumed coverage on shares of LG Display in a research report on Tuesday, June 21st. They set an “overweight” rating and a $14.00 price objective for the company. Finally, Credit Agricole SA upgraded shares of LG Display from a “sell” rating to an “outperform” rating in a research report on Wednesday, July 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $12.48.
The company has a market capitalization of $10.09 billion and a price-to-earnings ratio of 120.51. The stock has a 50 day moving average price of $13.18 and a 200-day moving average price of $11.12.
A hedge fund recently raised its stake in LG Display stock. Dimensional Fund Advisors LP raised its position in shares of LG Display Co. (NYSE:LPL) by 0.5% during the fourth quarter, according to its most recent Form 13F filing 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 about 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.