LG Display Co. (LPL) Shares Gap Up to $13.80
LG Display Co. (NYSE:LPL) gapped up prior to trading 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 trading hands.
A number of equities research analysts recently issued reports on LPL shares. 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. Credit Agricole SA raised LG Display from a “sell” rating to an “outperform” rating in a research report on Wednesday, July 6th. Deutsche Bank AG raised LG Display from a “hold” rating to a “buy” rating in a research report on Friday, May 20th. Finally, Zacks Investment Research raised LG Display from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Wednesday, July 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $12.48.
The firm has a 50-day moving average of $12.81 and a 200-day moving average of $10.98. The company has a market cap of $10.04 billion and a PE ratio of 122.00.
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 13F filing 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 at the end of the most recent quarter.
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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