LG Display Co. (LPL) Shares Down 1.7%
Shares of LG Display Co. (NYSE:LPL) traded down 1.7% during trading on Tuesday . The stock traded as low as $14.03 and last traded at $14.07, with a volume of 193,605 shares. The stock had previously closed at $14.32.
Several analysts have commented on the stock. 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 target price for the company in a research report on Wednesday, July 13th. Deutsche Bank AG raised 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 issued an “overweight” rating and a $14.00 target price for the company. Finally, Credit Agricole SA raised shares of LG Display from a “sell” rating to an “outperform” rating in a research report on Wednesday, July 6th. One investment 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. The stock currently has an average rating of “Buy” and a consensus price target of $12.48.
The stock has a market capitalization of $9.97 billion and a price-to-earnings ratio of 105.93. The firm has a 50 day moving average price of $13.43 and a 200 day moving average price of $11.28.
An institutional investor recently raised its position in LG Display stock. Schwab Charles Investment Management Inc. increased 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 institutional investor 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 as of its most recent filing with the SEC.
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.