LG Display (NYSE:LPL) Rating Downgrade
Nomura lowered LG Display (NYSE:LPL)’s stock to “Neutral” rating from “Buy”. The rating change was revealed to investors and clients in analysts note today.
This rating downgrade was most probably noticed by equity traders, as NYSE:LPL is at the moment trading -0.08% lower at $12.69 as of 2:05 AM New York time. LG Display’s stock is 0% in the past 200 days. It has underperformed the Standard & Poor’s 500 index, which has risen 6.00% in the same time period.
Out of 4 brokers covering LG Display, 2 rate it a Buy, 1 indicate a Hold while 1 suggest a Sell. The highest target is $13.18 and the lowest is $7.5 according to Thomson/First Call. The 12-month mean target is $11.02, which means downside potential of 13.16% over the current price.
LG Display (NYSE:LPL) 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. The Company supplies ultra-high definition television panels.
LG Display (NYSE:LPL) traded down -0.08% on 19 October, hitting $12.69. A total of 405,791 shares of the company’s stock traded hands. This is down from average of 668,903 shares. LG Display has a 52 week low of $11.26 and a 52 week high of $17.05. The company has a market cap of $9.14 billion and a P/E ratio of 4.47.
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