LG Display Co. (LPL) Sets New 1-Year High at $13.95
Shares of LG Display Co. (NYSE:LPL) reached a new 52-week high during trading on Wednesday . The company traded as high as $13.95 and last traded at $13.94, with a volume of 708,439 shares. The stock had previously closed at $12.97.
A number of analysts recently commented on the stock. Bank of America Corp. raised shares of LG Display from a “neutral” rating to a “buy” rating in a report on Tuesday, July 19th. 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 report on Wednesday, July 13th. Nomura raised shares of LG Display from a “reduce” rating to a “neutral” rating in a report on Tuesday, June 28th. Credit Agricole SA raised shares of LG Display from a “sell” rating to an “outperform” rating in a report on Wednesday, July 6th. Finally, Barclays PLC assumed coverage on shares of LG Display in a 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 company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $12.48.
The stock has a 50-day moving average price of $11.54 and a 200 day moving average price of $10.56. The firm has a market capitalization of $10.01 billion and a P/E ratio of 22.322.
An institutional investor recently raised its position in LG Display stock. Dimensional Fund Advisors LP boosted its position in LG Display Co. (NYSE:LPL) by 0.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund 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 1.18% of LG Display worth $88,312,000 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.
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