LG Display Co. (LPL) Shares Gap Up to $13.80
Shares of LG Display Co. (NYSE:LPL) gapped up before the market opened on Thursday . The stock had previously closed at $13.67, but opened at $13.80. LG Display shares last traded at $14.03, with a volume of 157,459 shares traded.
Several brokerages recently issued reports on LPL. Bank of America Corp. upgraded LG Display from a “neutral” rating to a “buy” rating in a report on Tuesday, July 19th. Zacks Investment Research upgraded LG Display from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Wednesday, July 13th. Nomura upgraded LG Display from a “reduce” rating to a “neutral” rating in a report on Tuesday, June 28th. Credit Agricole SA upgraded LG Display from a “sell” rating to an “outperform” rating in a report on Wednesday, July 6th. Finally, Barclays PLC began coverage on LG Display in a report on Tuesday, June 21st. They set an “overweight” rating and a $14.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. LG Display has an average rating of “Buy” and an average target price of $12.48.
The stock’s 50 day moving average is $12.72 and its 200 day moving average is $10.94. The firm has a market cap of $10.08 billion and a P/E ratio of 121.99.
An institutional investor recently raised its position in LG Display stock. Dimensional Fund Advisors LP boosted its stake 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 about 1.18% of LG Display worth $88,312,000 at the end of the most recent reporting period.
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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