Brokerages Set Credicorp Ltd. (NYSE:BAP) Target Price at $384.33

Credicorp Ltd. (NYSE:BAPGet Free Report) has received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $384.3333.

BAP has been the topic of several research analyst reports. JPMorgan Chase & Co. cut shares of Credicorp from an “overweight” rating to a “neutral” rating and set a $415.00 price target on the stock. in a report on Monday, June 15th. UBS Group increased their price objective on Credicorp from $408.00 to $412.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. The Goldman Sachs Group lifted their price objective on Credicorp from $329.00 to $374.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Morgan Stanley upgraded Credicorp from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $375.00 to $480.00 in a research note on Wednesday, June 17th. Finally, Weiss Ratings raised Credicorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, August 6th.

View Our Latest Stock Report on BAP

Insider Activity at Credicorp

In related news, CEO Diego Antonio Cavero sold 3,500 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $319.00, for a total value of $1,116,500.00. Following the transaction, the chief executive officer owned 7,307 shares in the company, valued at approximately $2,330,933. This represents a 32.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Alejandro Perez-Reyes sold 1,073 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $337.50, for a total transaction of $362,137.50. Following the transaction, the chief financial officer directly owned 1,745 shares in the company, valued at approximately $588,937.50. The trade was a 38.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 15.90% of the company’s stock.

Institutional Investors Weigh In On Credicorp

A number of large investors have recently bought and sold shares of BAP. Quantbot Technologies LP bought a new position in Credicorp during the second quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Credicorp in the 2nd quarter worth approximately $27,000. Brown Brothers Harriman & Co. bought a new stake in Credicorp during the third quarter worth approximately $35,000. Raymond James Financial Inc. bought a new stake in Credicorp during the second quarter worth approximately $38,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in Credicorp during the first quarter valued at approximately $40,000. 89.81% of the stock is currently owned by institutional investors.

Credicorp Stock Down 1.0%

Credicorp stock opened at $373.17 on Thursday. Credicorp has a twelve month low of $230.45 and a twelve month high of $413.24. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $35.22 billion, a PE ratio of 14.39, a P/E/G ratio of 0.82 and a beta of 0.90. The firm’s 50 day moving average price is $380.95 and its two-hundred day moving average price is $353.10.

Credicorp Company Profile

(Get Free Report)

Credicorp Ltd. (NYSE: BAP) is a Lima-based financial services holding company that operates a diversified group of banking, insurance, and investment businesses. Established in the mid-1990s, Credicorp’s principal subsidiaries include Banco de Crédito del Perú (BCP), Mibanco (microfinance), Credicorp Capital (investment banking and asset management) and Pacífico Seguros (insurance). The company serves retail, commercial and corporate clients and is one of the largest financial conglomerates in Peru.

Through Banco de Crédito del Perú and its retail network, Credicorp provides a full suite of banking products including deposit accounts, consumer and commercial loans, mortgages, payment and transaction services, and digital banking solutions.

See Also

Analyst Recommendations for Credicorp (NYSE:BAP)

Receive News & Ratings for Credicorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Credicorp and related companies with MarketBeat.com's FREE daily email newsletter.