LG Display Co., Ltd. (LPL) Receives Consensus Rating of “Hold” from Analysts
LG Display Co., Ltd. (NYSE:LPL) has received a consensus recommendation of “Hold” from the twelve brokerages that are covering the company, Marketbeat reports. Four analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $20.40.
Several research firms have recently commented on LPL. BidaskClub upgraded shares of LG Display Co. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Cowen and Company reaffirmed a “buy” rating and issued a $20.40 price objective on shares of LG Display Co. in a report on Sunday, September 10th. ValuEngine raised shares of LG Display Co. from a “buy” rating to a “strong-buy” rating in a report on Friday, June 9th. Zacks Investment Research downgraded shares of LG Display Co. from a “buy” rating to a “hold” rating in a report on Saturday, July 29th. Finally, UBS AG downgraded shares of LG Display Co. from a “buy” rating to a “neutral” rating in a report on Wednesday, July 26th.
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LG Display Co. (NYSE:LPL) opened at 14.74 on Friday. The firm’s 50-day moving average is $13.76 and its 200 day moving average is $14.04. The stock has a market capitalization of $10.55 billion, a P/E ratio of 5.14 and a beta of 0.35. LG Display Co. has a 12 month low of $11.26 and a 12 month high of $17.05.
A number of hedge funds have recently bought and sold shares of the stock. USA Financial Portformulas Corp acquired a new stake in LG Display Co. in the second quarter worth about $773,000. Dynamic Technology Lab Private Ltd lifted its holdings in LG Display Co. by 107.6% in the second quarter. Dynamic Technology Lab Private Ltd now owns 41,116 shares of the electronics maker’s stock worth $660,000 after purchasing an additional 21,312 shares during the period. Verition Fund Management LLC acquired a new stake in LG Display Co. in the second quarter worth about $341,000. Cubist Systematic Strategies LLC acquired a new stake in LG Display Co. in the second quarter worth about $168,000. Finally, Stifel Financial Corp lifted its holdings in LG Display Co. by 1.7% in the second quarter. Stifel Financial Corp now owns 52,400 shares of the electronics maker’s stock worth $842,000 after purchasing an additional 900 shares during the period. 3.73% of the stock is owned by institutional investors and hedge funds.
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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