LG Display Co., Ltd. (LPL) Downgraded to Neutral at UBS AG
LG Display Co., Ltd. (NYSE:LPL) was downgraded by stock analysts at UBS AG from a “buy” rating to a “neutral” rating in a research note issued to investors on Wednesday, The Fly reports.
Other equities research analysts have also issued reports about the company. Zacks Investment Research upgraded LG Display Co. from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Tuesday. BidaskClub lowered LG Display Co. from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 1st. ValuEngine upgraded LG Display Co. from a “buy” rating to a “strong-buy” rating in a report on Friday, June 9th. Finally, CLSA lowered LG Display Co. from an “outperform” rating to an “underperform” rating in a report on Thursday, April 27th. Four analysts have rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $15.09.
Shares of LG Display Co. (LPL) traded down 1.52% during mid-day trading on Wednesday, reaching $14.27. 1,254,646 shares of the company’s stock traded hands. The company has a market capitalization of $10.21 billion, a P/E ratio of 7.50 and a beta of 0.39. LG Display Co. has a 1-year low of $11.26 and a 1-year high of $17.05. The firm has a 50-day moving average price of $16.09 and a 200-day moving average price of $13.84.
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Large investors have recently bought and sold shares of the company. Morgan Stanley raised its stake in LG Display Co. by 18.1% in the first quarter. Morgan Stanley now owns 1,439,421 shares of the electronics maker’s stock valued at $19,604,000 after buying an additional 220,866 shares during the period. Aperio Group LLC raised its stake in LG Display Co. by 33.8% in the second quarter. Aperio Group LLC now owns 739,439 shares of the electronics maker’s stock valued at $11,883,000 after buying an additional 186,817 shares during the period. Thomas White International Ltd. raised its stake in LG Display Co. by 2.4% in the first quarter. Thomas White International Ltd. now owns 732,496 shares of the electronics maker’s stock valued at $9,977,000 after buying an additional 17,451 shares during the period. Parametric Portfolio Associates LLC raised its stake in LG Display Co. by 32.4% in the first quarter. Parametric Portfolio Associates LLC now owns 626,003 shares of the electronics maker’s stock valued at $8,526,000 after buying an additional 153,260 shares during the period. Finally, Karp Capital Management Corp bought a new stake in LG Display Co. during the first quarter valued at $7,527,000. Hedge funds and other institutional investors own 3.94% of the company’s stock.
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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