Credicorp Ltd. (NYSE:BAP) Stock Has Average Price Target of $431.80 According to Analysts

Credicorp Ltd. (NYSE:BAP – Get Free Report) has been assigned an average rating of “Moderate Buy” from the seven analysts that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $431.80.

Several brokerages recently issued reports on BAP. Morgan Stanley raised shares of Credicorp from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $375.00 to $480.00 in a report on Wednesday, June 17th. Weiss Ratings lowered shares of Credicorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday. UBS Group boosted their target price on shares of Credicorp from $412.00 to $473.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. The Goldman Sachs Group upped their price target on shares of Credicorp from $329.00 to $374.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Finally, JPMorgan Chase & Co. upgraded Credicorp from a “neutral” rating to an “overweight” rating and increased their price target for the company from $453.00 to $482.00 in a research note on Wednesday, September 16th.

View Our Latest Stock Analysis on BAP

Hedge Funds Weigh In On Credicorp

Institutional investors and hedge funds have recently bought and sold shares of the company. QRG Capital Management Inc. raised its position in Credicorp by 10.3% in the second quarter. QRG Capital Management Inc. now owns 930 shares of the bank’s stock valued at $362,000 after purchasing an additional 87 shares during the last quarter. Andra AP fonden grew its holdings in shares of Credicorp by 24.4% during the second quarter. Andra AP fonden now owns 40,800 shares of the bank’s stock worth $15,895,000 after purchasing an additional 8,000 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of Credicorp by 392.0% during the second quarter. Tidal Investments LLC now owns 6,297 shares of the bank’s stock worth $2,453,000 after purchasing an additional 5,017 shares during the last quarter. National Pension Service increased its stake in shares of Credicorp by 2.9% in the second quarter. National Pension Service now owns 17,398 shares of the bank’s stock valued at $6,778,000 after buying an additional 491 shares during the period. Finally, Cidel Asset Management Inc. acquired a new position in shares of Credicorp in the second quarter valued at approximately $209,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Stock Performance

Credicorp stock opened at $384.76 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.38. The stock has a market cap of $36.31 billion, a PE ratio of 14.26, a P/E/G ratio of 0.75 and a beta of 0.88. Credicorp has a 12-month low of $230.45 and a 12-month high of $413.24. The business’s 50-day moving average price is $382.52 and its two-hundred day moving average price is $360.61.

Credicorp Company Profile

(Get Free Report)

Credicorp Ltd. (NYSE: BAP) is a financial services holding company based in Peru. Through its subsidiaries, the company provides banking, insurance, investment management, pension administration and investment banking services to individuals, businesses and institutional clients.

Its principal businesses include Banco de Crédito del Perú, one of Peru’s leading banks; Mibanco, which focuses on microfinance and small-business lending; Pacífico Seguros, an insurance provider; Prima AFP, which manages private pension accounts; and Credicorp Capital, which offers investment banking, asset management, brokerage and related capital-markets services.

Credicorp’s operations are centered primarily in Peru, with selected investment banking and capital-markets activities serving clients elsewhere in the Latin American region.

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Analyst Recommendations for Credicorp (NYSE:BAP)

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