LG Display Co. (LPL) Upgraded to “Buy” at TheStreet
LPL has been the subject of a number of other research reports. Zacks Investment Research raised shares of LG Display from a hold rating to a buy rating and set a $15.00 price objective for the company in a research note on Wednesday, October 12th. Deutsche Bank AG downgraded shares of LG Display from a buy rating to a hold rating in a research note on Wednesday, October 26th. Sanford C. Bernstein downgraded shares of LG Display from an outperform rating to a market perform rating and set a $13.18 price objective for the company. in a research note on Friday, September 9th. They noted that the move was a valuation call. Finally, Goldman Sachs Group Inc. started coverage on shares of LG Display in a research note on Monday, November 21st. They issued a sell rating for the company. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $12.82.
LG Display (NYSE:LPL) traded down 0.25% during trading on Monday, hitting $12.01. The stock had a trading volume of 155,592 shares. The company’s 50 day moving average is $12.32 and its 200 day moving average is $12.36. The firm has a market cap of $8.59 billion, a PE ratio of 112.24 and a beta of 0.84. LG Display has a 52-week low of $8.43 and a 52-week high of $14.36.
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Several institutional investors have recently modified their holdings of LPL. BNP Paribas Arbitrage SA bought a new stake in shares of LG Display during the third quarter worth $102,000. Crow Point Partners LLC bought a new stake in shares of LG Display during the third quarter worth $131,000. Trexquant Investment LP bought a new stake in shares of LG Display during the second quarter worth $141,000. Verition Fund Management LLC raised its stake in shares of LG Display by 5.1% in the third quarter. Verition Fund Management LLC now owns 11,709 shares of the company’s stock worth $149,000 after buying an additional 572 shares during the period. Finally, Princeton Alpha Management LP bought a new stake in shares of LG Display during the third quarter worth $150,000. 3.42% of the stock is currently owned by institutional investors and hedge funds.
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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