LG Display Co., Ltd. (NYSE:LPL) received a $16.00 price objective from investment analysts at Cowen and Company in a research note issued on Monday. The brokerage presently has a “buy” rating on the electronics maker’s stock. Cowen and Company’s target price would indicate a potential upside of 23.65% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. BidaskClub cut LG Display Co. from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. UBS AG cut LG Display Co. from a “buy” rating to a “neutral” rating in a report on Wednesday, July 26th. Zacks Investment Research cut LG Display Co. from a “hold” rating to a “sell” rating in a report on Friday, July 7th. Finally, Nomura reissued a “neutral” rating on shares of LG Display Co. in a report on Thursday, October 19th. Five research analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. LG Display Co. has a consensus rating of “Hold” and an average target price of $16.50.

LG Display Co. (NYSE:LPL) traded up 0.31% during mid-day trading on Monday, reaching $12.98. The company’s stock had a trading volume of 432,792 shares. LG Display Co. has a 12-month low of $11.26 and a 12-month high of $17.05. The firm has a market cap of $9.29 billion, a PE ratio of 4.58 and a beta of 0.32. The company has a 50-day moving average price of $13.68 and a 200-day moving average price of $14.19.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its stake in shares of LG Display Co. by 6,427.0% in the 1st quarter. Wells Fargo & Company MN now owns 71,340 shares of the electronics maker’s stock worth $972,000 after purchasing an additional 70,247 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of LG Display Co. by 1.1% in the 1st quarter. Bank of New York Mellon Corp now owns 13,964 shares of the electronics maker’s stock worth $191,000 after purchasing an additional 147 shares in the last quarter. Comerica Bank increased its stake in shares of LG Display Co. by 1.6% in the 1st quarter. Comerica Bank now owns 42,310 shares of the electronics maker’s stock worth $544,000 after purchasing an additional 680 shares in the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of LG Display Co. in the 1st quarter worth $149,000. Finally, Alliancebernstein L.P. purchased a new stake in shares of LG Display Co. in the 1st quarter worth $628,000. 3.71% of the stock is currently owned by hedge funds and other institutional investors.

LG Display Co. Company Profile

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.

Analyst Recommendations for LG Display Co. (NYSE:LPL)

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