Credicorp Ltd. (BAP) Given a $219.00 Price Target at UBS AG
Credicorp Ltd. (NYSE:BAP) has been assigned a $219.00 price target by investment analysts at UBS AG in a research report issued to clients and investors on Tuesday, thefly.com reports. The firm presently has a “buy” rating on the bank’s stock. UBS AG’s target price points to a potential upside of 9.95% from the stock’s current price.
Several other research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Credicorp from a “buy” rating to a “hold” rating in a research report on Friday. BidaskClub upgraded shares of Credicorp from a “buy” rating to a “strong-buy” rating in a research report on Friday.
Shares of Credicorp (NYSE BAP) traded up 0.92% on Tuesday, hitting $199.19. The stock had a trading volume of 141,527 shares. The firm has a 50-day moving average of $186.46 and a 200 day moving average of $170.74. The company’s market capitalization is $15.83 billion. Credicorp has a 1-year low of $144.23 and a 1-year high of $202.66.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Grandeur Peak Global Advisors LLC raised its position in shares of Credicorp by 7.3% in the second quarter. Grandeur Peak Global Advisors LLC now owns 89,350 shares of the bank’s stock valued at $16,028,000 after buying an additional 6,075 shares during the period. Nomura Holdings Inc. raised its stake in Credicorp by 167.1% in the second quarter. Nomura Holdings Inc. now owns 4,138 shares of the bank’s stock valued at $742,000 after buying an additional 2,589 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Credicorp by 21.5% in the second quarter. The Manufacturers Life Insurance Company now owns 116,801 shares of the bank’s stock valued at $20,954,000 after buying an additional 20,666 shares during the last quarter. Janus Henderson Group PLC raised its stake in Credicorp by 19.6% in the second quarter. Janus Henderson Group PLC now owns 30,436 shares of the bank’s stock valued at $5,459,000 after buying an additional 4,989 shares during the last quarter. Finally, Fred Alger Management Inc. raised its stake in Credicorp by 11.4% in the second quarter. Fred Alger Management Inc. now owns 4,100 shares of the bank’s stock valued at $735,000 after buying an additional 420 shares during the last quarter. Institutional investors own 69.31% of the company’s stock.
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.
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