LG Display Co., Ltd. (LPL) Receives $20.40 Consensus PT from Analysts
LG Display Co., Ltd. (NYSE:LPL) has received an average recommendation of “Hold” from the twelve analysts that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $20.40.
A number of equities analysts have issued reports on LPL shares. Cowen and Company reaffirmed a “buy” rating and set a $20.40 price target on shares of LG Display Co. in a research note on Friday, July 28th. Zacks Investment Research raised LG Display Co. from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Tuesday, July 25th. BidaskClub lowered LG Display Co. from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 1st. UBS AG lowered LG Display Co. from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 26th. Finally, ValuEngine raised LG Display Co. from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 9th.
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Several large investors have recently added to or reduced their stakes in LPL. US Bancorp DE raised its stake in LG Display Co. by 6.5% in the first quarter. US Bancorp DE now owns 7,794 shares of the electronics maker’s stock valued at $106,000 after buying an additional 473 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in LG Display Co. by 13.0% in the second quarter. BNP Paribas Arbitrage SA now owns 7,444 shares of the electronics maker’s stock valued at $120,000 after buying an additional 857 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in LG Display Co. during the first quarter valued at $149,000. Athos Capital Ltd bought a new stake in LG Display Co. during the second quarter valued at $160,000. Finally, Cubist Systematic Strategies LLC bought a new stake in LG Display Co. during the second quarter valued at $168,000. 3.88% of the stock is owned by institutional investors and hedge funds.
LG Display Co. (NYSE:LPL) traded up 1.25% during midday trading on Tuesday, reaching $13.75. The company’s stock had a trading volume of 382,297 shares. The stock has a market cap of $9.84 billion, a P/E ratio of 4.88 and a beta of 0.36. LG Display Co. has a 12-month low of $11.26 and a 12-month high of $17.05. The stock’s 50 day moving average is $14.45 and its 200 day moving average is $13.86.
About LG Display Co.
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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