LG Display Co. (LPL) Shares Gap Up to $13.67
LG Display Co. (NYSE:LPL)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $13.57, but opened at $13.67. LG Display shares last traded at $13.88, with a volume of 111,923 shares traded.
A number of equities analysts have recently issued reports on LPL shares. Bank of America Corp. raised shares of LG Display from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 19th. Credit Agricole SA raised shares of LG Display from a “sell” rating to an “outperform” rating in a research report on Wednesday, July 6th. Deutsche Bank AG raised shares of LG Display from a “hold” rating to a “buy” rating in a research report on Friday, May 20th. Zacks Investment Research raised shares of LG Display from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Wednesday, July 13th. Finally, Barclays PLC started 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 on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. LG Display presently has an average rating of “Buy” and a consensus price target of $12.48.
The firm’s 50-day moving average is $13.60 and its 200 day moving average is $11.45. The firm has a market cap of $9.86 billion and a price-to-earnings ratio of 105.19.
A hedge fund recently raised its stake in LG Display stock. Schwab Charles Investment Management Inc. raised its position in LG Display Co. (NYSE:LPL) by 16.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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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