Citigroup Initiates Coverage on LG Display (LPL)

Citigroup assumed coverage on shares of LG Display (NYSE:LPL) in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The firm set a “buy” rating on the electronics maker’s stock.

A number of other analysts also recently issued reports on LPL. 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 investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. LG Display currently has an average rating of “Hold” and a consensus target price of $15.00.

NYSE LPL opened at $7.48 on Thursday. 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 stock has a market capitalization of $5.47 billion, a price-to-earnings ratio of 3.12 and a beta of 1.06. LG Display has a 12-month low of $6.75 and a 12-month high of $15.88.

Several institutional investors have recently modified their holdings of LPL. BlackRock Inc. lifted its holdings in shares of LG Display by 344.0% during the 3rd quarter. BlackRock Inc. now owns 187,133 shares of the electronics maker’s stock worth $1,622,000 after acquiring an additional 144,982 shares during the period. AGF Investments Inc. lifted its holdings in shares of LG Display by 123.3% during the 3rd quarter. AGF Investments Inc. now owns 201,992 shares of the electronics maker’s stock worth $1,751,000 after acquiring an additional 111,531 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of LG Display by 128.3% during the 2nd quarter. Renaissance Technologies LLC now owns 166,900 shares of the electronics maker’s stock worth $1,375,000 after acquiring an additional 93,800 shares during the period. Stevens Capital Management LP bought a new stake in shares of LG Display during the 2nd quarter worth approximately $520,000. Finally, Hsbc Holdings PLC lifted its holdings in shares of LG Display by 466.3% during the 3rd quarter. Hsbc Holdings PLC now owns 70,147 shares of the electronics maker’s stock worth $607,000 after acquiring an additional 57,761 shares during the period. 2.90% of the stock is owned by institutional investors.

LG Display Company Profile

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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Analyst Recommendations for LG Display (NYSE:LPL)

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