LG Display Co. (LPL) Sets New 52-Week High at $13.18
LG Display Co. (NYSE:LPL) shares reached a new 52-week high during trading on Thursday . The company traded as high as $13.18 and last traded at $13.13, with a volume of 128,792 shares trading hands. The stock had previously closed at $13.12.
A number of research analysts have recently issued reports on LPL shares. Bank of America Corp. upgraded shares of LG Display from a “neutral” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of LG Display from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Wednesday, July 13th. Nomura upgraded shares of LG Display from a “reduce” rating to a “neutral” rating in a research report on Tuesday, June 28th. Credit Agricole SA upgraded shares of LG Display from a “sell” rating to an “outperform” rating in a research report on Wednesday, July 6th. Finally, Nomura Holdings Inc. upgraded shares of LG Display from a “reduce” rating to a “neutral” rating in a research report on Tuesday, June 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $12.18.
The stock has a market cap of $9.35 billion and a PE ratio of 20.75. The firm’s 50 day moving average is $11.34 and its 200 day moving average is $10.47.
An institutional investor recently raised its position in LG Display stock. Dimensional Fund Advisors LP increased its position in LG Display Co. (NYSE:LPL) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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.