LG Display Co. (LPL) Sets New 1-Year High at $14.36
LG Display Co. (NYSE:LPL) hit a new 52-week high on Friday . The company traded as high as $14.36 and last traded at $14.25, with a volume of 173,505 shares changing hands. The stock had previously closed at $14.10.
A number of equities research analysts have weighed in on the company. Nomura raised LG Display from a “reduce” rating to a “neutral” rating in a report on Tuesday, June 28th. TheStreet downgraded shares of LG Display from a “buy” rating to a “hold” rating in a research report on Tuesday, May 24th. Barclays PLC initiated coverage on shares of LG Display in a research report on Tuesday, June 21st. They set an “overweight” rating and a $14.00 price target for the company. Zacks Investment Research downgraded shares of LG Display from a “buy” rating to a “hold” rating and set a $12.00 price target for the company. in a research report on Tuesday, May 17th. Finally, Deutsche Bank AG upgraded shares of LG Display from a “hold” rating to a “buy” rating in a research report on Friday, May 20th. One 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. LG Display presently has an average rating of “Buy” and a consensus target price of $12.48.
The stock has a 50-day moving average of $13.18 and a 200 day moving average of $11.12. The company has a market capitalization of $10.23 billion and a PE ratio of 122.22.
A hedge fund recently raised its stake 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 Securities and Exchange Commission (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 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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