Citigroup started coverage on shares of LG Display (NYSE:LPL) in a research note published on Thursday, Marketbeat.com reports. The brokerage issued a buy rating on the electronics maker’s stock.
Other analysts also recently issued reports about the stock. Zacks Investment Research raised shares of LG Display from a strong sell rating to a hold rating in a report on Wednesday, September 26th. CLSA downgraded shares of LG Display from an outperform rating to an underperform rating in a report on Wednesday, October 24th. Four equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $15.00.
NYSE LPL opened at $7.48 on Thursday. LG Display has a 52-week low of $6.75 and a 52-week high of $15.88. The company has a quick ratio of 0.66, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. The firm has a market cap of $5.35 billion, a PE ratio of 3.12 and a beta of 1.06.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Regal Investment Advisors LLC raised its position in LG Display by 48.5% in the 3rd quarter. Regal Investment Advisors LLC now owns 22,096 shares of the electronics maker’s stock worth $192,000 after purchasing an additional 7,213 shares during the period. Rehmann Capital Advisory Group raised its position in LG Display by 4,392.3% in the 3rd quarter. Rehmann Capital Advisory Group now owns 14,600 shares of the electronics maker’s stock worth $1,684,000 after purchasing an additional 14,275 shares during the period. Miller Value Partners LLC purchased a new position in LG Display in the 2nd quarter worth $129,000. Northern Trust Corp raised its position in LG Display by 3.9% in the 2nd quarter. Northern Trust Corp now owns 425,481 shares of the electronics maker’s stock worth $3,506,000 after purchasing an additional 15,991 shares during the period. Finally, Schroder Investment Management Group raised its position in LG Display by 26.5% in the 2nd quarter. Schroder Investment Management Group now owns 137,622 shares of the electronics maker’s stock worth $1,084,000 after purchasing an additional 28,841 shares during the period. 2.90% of the stock is owned by institutional investors.
About LG Display
LG Display Co, Ltd. manufactures and sells thin-film transistor liquid crystal display and organic light-emitting diode (OLED) technology-based display panels in the Republic of Korea, China, Europe, rest of Asia, the United States, and internationally. It offers various display panels primarily for use in televisions, notebook computers, desktop monitors, tablet computers, and mobile devices.
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