Credicorp Ltd. (BAP) Given New $196.00 Price Target at Credit Suisse Group AG
Credicorp Ltd. (NYSE:BAP) had its price target raised by Credit Suisse Group AG from $154.00 to $196.00 in a research report issued on Wednesday. The brokerage currently has an “outperform” rating on the stock. Credit Suisse Group AG’s price objective points to a potential upside of 27.36% from the company’s previous close.
A number of other research firms also recently commented on BAP. JPMorgan Chase & Co. lifted their target price on Credicorp from $166.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, August 11th. Zacks Investment Research downgraded Credicorp from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $175.75.
Shares of Credicorp (NYSE:BAP) opened at 153.90 on Wednesday. Credicorp has a 12 month low of $84.72 and a 12 month high of $166.26. The company’s market cap is $12.25 billion. The company’s 50-day moving average price is $158.23 and its 200-day moving average price is $147.29.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/credicorp-ltd-bap-given-new-196-00-price-target-at-credit-suisse-group-ag.html
Several large investors have recently bought and sold shares of BAP. JPMorgan Chase & Co. increased its stake in Credicorp by 8.2% in the first quarter. JPMorgan Chase & Co. now owns 2,323,633 shares of the company’s stock valued at $304,420,000 after buying an additional 176,913 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Credicorp by 3.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,276,752 shares of the company’s stock valued at $167,267,000 after buying an additional 45,840 shares in the last quarter. BlackRock Fund Advisors increased its stake in Credicorp by 11.7% in the first quarter. BlackRock Fund Advisors now owns 1,373,836 shares of the company’s stock valued at $179,986,000 after buying an additional 143,697 shares in the last quarter. BlackRock Group LTD increased its stake in Credicorp by 0.7% in the first quarter. BlackRock Group LTD now owns 1,037,201 shares of the company’s stock valued at $135,883,000 after buying an additional 7,262 shares in the last quarter. Finally, BlackRock Inc. increased its stake in Credicorp by 30.8% in the first quarter. BlackRock Inc. now owns 80,632 shares of the company’s stock valued at $10,564,000 after buying an additional 19,007 shares in the last quarter. Hedge funds and other institutional investors own 65.63% of the company’s stock.
Credicorp Company Profile
Credicorp Ltd. is a financial services holding company in Peru. The Company has four operating segments based on its products and services, which include banking, insurance, pension funds and investment banking. Its operating subsidiaries include Banco de Credito del Peru; Atlantic Security Bank, which it holds through Atlantic Security Holding Corporation; El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros (Grupo Pacifico); Prima AFP SA, and Credicorp Capital Ltd.
Receive News & Ratings for Credicorp Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Credicorp Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.