LG Display Co. (LPL) Earns Sell Rating from Analysts at Goldman Sachs Group Inc.
Equities research analysts at Goldman Sachs Group Inc. began coverage on shares of LG Display Co. (NYSE:LPL) in a note issued to investors on Monday. The firm set a “sell” rating on the stock.
Other equities analysts have also issued research reports about the stock. Sanford C. Bernstein lowered shares of LG Display from an “outperform” rating to a “market perform” rating and set a $13.18 price objective on the stock. in a report on Friday, September 9th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of LG Display from a “buy” rating to a “hold” rating in a research report on Tuesday, November 8th. Finally, Deutsche Bank AG downgraded shares of LG Display from a “buy” rating to a “hold” rating in a research report on Wednesday, October 26th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. LG Display has a consensus rating of “Hold” and a consensus target price of $12.82.
LG Display (NYSE:LPL) traded down 2.099% during midday trading on Monday, reaching $11.895. The company had a trading volume of 480,722 shares. The company has a market capitalization of $8.51 billion, a PE ratio of 92.568 and a beta of 0.84. The stock’s 50 day moving average is $12.48 and its 200 day moving average is $12.25. LG Display has a one year low of $8.43 and a one year high of $14.36.
Several large investors have recently bought and sold shares of the company. Fiera Capital Corp purchased a new stake in shares of LG Display during the second quarter worth about $5,218,000. Emerald Acquisition Ltd. purchased a new stake in shares of LG Display during the second quarter worth about $3,904,000. Thomas White International Ltd. increased its stake in shares of LG Display by 161.3% in the third quarter. Thomas White International Ltd. now owns 423,056 shares of the company’s stock worth $5,381,000 after buying an additional 261,181 shares during the last quarter. Morgan Stanley increased its stake in shares of LG Display by 24.0% in the third quarter. Morgan Stanley now owns 941,440 shares of the company’s stock worth $11,976,000 after buying an additional 182,058 shares during the last quarter. Finally, Guggenheim Capital LLC purchased a new stake in shares of LG Display during the second quarter worth about $1,884,000. 3.34% of the stock is owned by institutional investors.
About LG Display
LG Display Co, Ltd. manufactures thin-film transistor liquid crystal display, organic light emitting diode and other display panel technologies. The Company 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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