LG Display (LPL) Receives Average Recommendation of "Hold" from Brokerages

Shares of LG Display (NYSE:LPL) have earned a consensus recommendation of "Hold" from the nine analysts that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock.

Press coverage about LG Display (NYSE:LPL) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Cowen set a $15.00 price objective on LG Display and gave the company a "buy" rating in a research report on Tuesday, April 10th.

Shares of LPL opened at $10.91 on Wednesday. ValuEngine downgraded LG Display from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 2nd. Finally, CLSA raised shares of LG Display from an "underperform" rating to an "outperform" rating in a research report on Tuesday, January 23rd. Last quarter $0.05 earnings per share was reported. The average 12-month price target among brokers that have issued ratings on the stock in the previous year is $15.00.

Institutional investors and hedge funds have recently made changes to their positions in the business. 100% are bullish. With $18.63 highest and $1500 lowest target price LG Display has $15 average target price or 37.49% above the current ($10.91) price. Aperio Group LLC grew its position in LG Display by 6.6% in the first quarter. Finally, Schwab Charles Investment Management Inc. grew its position in LG Display by 29.0% in the first quarter. Assetmark Inc. now owns 717,263 shares of the electronics maker's stock worth $9,870,000 after acquiring an additional 346,902 shares during the period. Two Sigma Investments LP grew its position in LG Display by 125.7% in the fourth quarter.

LG Display Co., Ltd. manufactures and sells thin-film transistor liquid crystal display and organic light-emitting diode technology display panels in the Republic of Korea, the Americas, Europe, Asia, and internationally.The firm is worth $7.72 billion. It offers various display panels primarily for use in televisions, notebook computers, desktop monitors, tablet computers, and mobile devices.4.65 is the P/E ratio.

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