LG Display Co. (LPL) Shares Gap Up to $13.85
LG Display Co. (NYSE:LPL) gapped up before the market opened on Thursday . The stock had previously closed at $13.76, but opened at $13.85. LG Display shares last traded at $14.01, with a volume of 56,311 shares.
A number of equities research analysts have commented on the company. Nomura upgraded LG Display from a “reduce” rating to a “neutral” rating in a research report on Tuesday, June 28th. TheStreet lowered LG Display from a “buy” rating to a “hold” rating in a research report on Tuesday, May 24th. Barclays PLC assumed coverage on LG Display in a research report on Tuesday, June 21st. They set an “overweight” rating and a $14.00 price objective for the company. Zacks Investment Research lowered LG Display from a “buy” rating to a “hold” rating and set a $12.00 price objective for the company. in a research report on Tuesday, May 17th. Finally, Deutsche Bank AG upgraded LG Display from a “hold” rating to a “buy” rating in a report on Friday, May 20th. One 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 company. The company currently has an average rating of “Buy” and a consensus price target of $12.48.
The firm’s 50-day moving average price is $13.26 and its 200 day moving average price is $11.15. The company has a market cap of $10.23 billion and a price-to-earnings ratio of 123.28.
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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