LG Display Co. (LPL) Sets New 12-Month High at $13.95
LG Display Co. (NYSE:LPL) shares reached a new 52-week high on Wednesday . The stock traded as high as $13.95 and last traded at $13.94, with a volume of 708,439 shares traded. The stock had previously closed at $12.97.
Several research analysts have recently weighed in on the company. Zacks Investment Research lowered LG Display from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Bank of America Corp. raised LG Display from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 19th. Nomura lowered LG Display from a “neutral” rating to a “reduce” rating in a research report on Friday, April 15th. TheStreet lowered LG Display from a “buy” rating to a “hold” rating in a research report on Tuesday, May 24th. Finally, Macquarie lowered LG Display from a “neutral” rating to an “underperform” rating in a research report on Friday, April 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $12.48.
The company has a 50 day moving average price of $11.72 and a 200 day moving average price of $10.61. The company has a market capitalization of $9.98 billion and a PE ratio of 22.39.
An institutional investor recently raised its position in LG Display stock. Dimensional Fund Advisors LP raised its stake in shares of LG Display Co. (NYSE:LPL) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 approximately 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.
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