Credicorp Ltd. (NYSE:BAP) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Credicorp Ltd. (NYSE:BAP) have been assigned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $418.40.

A number of research analysts have issued reports on BAP shares. Morgan Stanley raised Credicorp from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $375.00 to $480.00 in a report on Wednesday, June 17th. HSBC upgraded shares of Credicorp from a “hold” rating to a “buy” rating and raised their price target for the company from $320.00 to $350.00 in a research report on Tuesday, May 19th. Weiss Ratings upgraded shares of Credicorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday. JPMorgan Chase & Co. lowered shares of Credicorp from an “overweight” rating to a “neutral” rating and set a $415.00 target price on the stock. in a research note on Monday, June 15th. Finally, UBS Group raised their target price on Credicorp from $412.00 to $473.00 and gave the company a “buy” rating in a research report on Thursday, August 20th.

Institutional Trading of Credicorp

Several institutional investors have recently bought and sold shares of the business. Pin Oak Investment Advisors Inc. acquired a new position in shares of Credicorp during the 2nd quarter worth approximately $25,000. Quantbot Technologies LP purchased a new stake in Credicorp in the 2nd quarter worth $26,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Credicorp in the 2nd quarter worth $27,000. Brown Brothers Harriman & Co. acquired a new position in Credicorp during the third quarter worth $35,000. Finally, Raymond James Financial Inc. purchased a new position in Credicorp during the second quarter valued at $38,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Credicorp Stock Up 0.1%

Shares of BAP opened at $382.97 on Monday. Credicorp has a 52 week low of $230.45 and a 52 week high of $413.24. 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 company has a market capitalization of $36.14 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 0.75 and a beta of 0.88. The stock’s 50-day moving average price is $385.33 and its 200-day moving average price is $355.95.

Credicorp Company Profile

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.