LG Display Co. (NYSE:LPL) has been given an average rating of “Hold” by the eleven analysts that are currently covering the stock. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $12.27.
A number of equities analysts have recently issued reports on LPL shares. Barclays PLC started coverage on shares of LG Display in a research note on Tuesday, June 21st. They issued an “overweight” rating and a $14.00 price objective for the company. Zacks Investment Research cut shares of LG Display from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Credit Agricole SA upgraded shares of LG Display from a “sell” rating to an “outperform” rating in a research note on Wednesday, July 6th. Nomura upgraded shares of LG Display from a “reduce” rating to a “neutral” rating in a research note on Tuesday, June 28th. Finally, Bank of America Corp. upgraded shares of LG Display from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 19th.
A number of large investors have recently modified their holdings of LPL. UBS Group AG raised its stake in shares of LG Display by 29.9% in the first quarter. UBS Group AG now owns 979,146 shares of the company’s stock worth $11,191,000 after buying an additional 225,543 shares in the last quarter. Quentec Asset Management LLC raised its stake in shares of LG Display by 10.3% in the first quarter. Quentec Asset Management LLC now owns 614,680 shares of the company’s stock worth $7,025,000 after buying an additional 57,230 shares in the last quarter. Orbis Allan Gray Ltd bought a new stake in shares of LG Display during the first quarter worth approximately $5,433,000. Fiera Capital Corp bought a new stake in shares of LG Display during the second quarter worth approximately $5,218,000. Finally, Emerald Acquisition Ltd. bought a new stake in shares of LG Display during the second quarter worth approximately $3,904,000. 3.34% of the stock is currently owned by hedge funds and other institutional investors.
Shares of LG Display (NYSE:LPL) traded down 2.51% during mid-day trading on Thursday, hitting $12.82. 227,385 shares of the stock were exchanged. LG Display has a 1-year low of $8.43 and a 1-year high of $14.36. The firm has a market cap of $9.17 billion, a price-to-earnings ratio of 96.75 and a beta of 1.04. The company’s 50-day moving average is $13.26 and its 200-day moving average is $11.98.
About LG Display
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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