Credicorp Ltd. (NYSE:BAP – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $431.80.
A number of equities research analysts have recently issued reports on the company. Weiss Ratings raised Credicorp from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday. JPMorgan Chase & Co. raised shares of Credicorp from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $453.00 to $482.00 in a research note on Wednesday, September 16th. The Goldman Sachs Group lifted their target price on shares of Credicorp from $329.00 to $374.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Finally, UBS Group upped their price target on Credicorp from $412.00 to $473.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th.
Get Our Latest Stock Report on Credicorp
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Pin Oak Investment Advisors Inc. bought a new stake in shares of Credicorp in the second quarter valued at about $25,000. Quantbot Technologies LP bought a new position in Credicorp in the second quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Credicorp during the 2nd quarter valued at $27,000. GAMMA Investing LLC boosted its stake in Credicorp by 33.7% during the 3rd quarter. GAMMA Investing LLC now owns 111 shares of the bank’s stock worth $42,000 after acquiring an additional 28 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Credicorp during the first quarter worth about $40,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.
Credicorp Stock Performance
NYSE:BAP opened at $374.16 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.38. The firm has a market cap of $35.31 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 0.72 and a beta of 0.92. Credicorp has a twelve month low of $230.45 and a twelve month high of $413.24. The company has a 50-day moving average of $379.96 and a 200-day moving average of $357.55.
About Credicorp
Credicorp Ltd. (NYSE: BAP) is a Peru-based financial services holding company whose businesses provide banking, insurance, investment management and pension services. Its principal subsidiary is Banco de Crédito del Perú (BCP), one of Peru’s largest banks, which serves individual, business and corporate customers through deposits, lending, payments, treasury and other financial products.
Credicorp also operates Mibanco, a financial institution focused on microfinance and small businesses, and Pacífico Seguros, which offers life, health, property and casualty insurance.
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