LG Display Co. (LPL) Sets New 1-Year High at $14.23
LG Display Co. (NYSE:LPL)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $14.23 and last traded at $14.20, with a volume of 260,268 shares. The stock had previously closed at $13.77.
Several brokerages have issued reports on LPL. Nomura raised LG Display from a “reduce” rating to a “neutral” rating in a report on Tuesday, June 28th. Macquarie lowered LG Display from a “neutral” rating to an “underperform” rating in a report on Friday, April 15th. Zacks Investment Research raised 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. Deutsche Bank AG upgraded shares of LG Display from a “hold” rating to a “buy” rating in a research note on Friday, May 20th. Finally, Barclays PLC began coverage on shares of LG Display in a research note on Tuesday, June 21st. They set an “overweight” rating and a $14.00 target price for the company. 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. LG Display presently has an average rating of “Buy” and an average target price of $12.48.
The company’s 50 day moving average price is $12.45 and its 200 day moving average price is $10.86. The stock has a market capitalization of $10.10 billion and a PE ratio of 122.16.
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 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 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.