LG Display Co. (LPL) Shares Down 1.7%
LG Display Co. (NYSE:LPL) shares were down 1.7% during trading on Tuesday . The company traded as low as $14.03 and last traded at $14.07, with a volume of 193,605 shares trading hands. The stock had previously closed at $14.32.
LPL has been the subject of several recent analyst reports. Zacks Investment Research downgraded LG Display from a “buy” rating to a “hold” rating and set a $12.00 price target for the company. in a research note on Tuesday, May 17th. Barclays PLC initiated coverage on LG Display in a research note on Tuesday, June 21st. They set an “overweight” rating and a $14.00 price target for the company. Deutsche Bank AG upgraded LG Display from a “hold” rating to a “buy” rating in a research note on Friday, May 20th. Credit Agricole SA upgraded LG Display from a “sell” rating to an “outperform” rating in a research note on Wednesday, July 6th. Finally, Nomura upgraded LG Display from a “reduce” rating to a “neutral” rating in a research note on Tuesday, June 28th. 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. LG Display has a consensus rating of “Buy” and an average target price of $12.48.
The firm has a market capitalization of $10.09 billion and a PE ratio of 107.22. The firm’s 50 day moving average is $13.36 and its 200 day moving average is $11.26.
An institutional investor recently raised its position in LG Display stock. Schwab Charles Investment Management Inc. raised its stake in LG Display Co. (NYSE:LPL) by 16.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 171,400 shares of the company’s stock after buying an additional 24,100 shares during the period. Schwab Charles Investment Management Inc.’s holdings in LG Display were worth $1,790,000 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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