Credicorp Ltd. (BAP) Given Average Rating of “Buy” by Analysts

Credicorp Ltd. (NYSE:BAP) has earned an average recommendation of “Buy” from the eleven ratings firms that are covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $221.00.

BAP has been the topic of a number of research reports. Zacks Investment Research upgraded Credicorp from a “hold” rating to a “buy” rating and set a $239.00 price target on the stock in a research report on Wednesday, January 3rd. ValuEngine upgraded Credicorp from a “hold” rating to a “buy” rating in a research report on Tuesday. HSBC downgraded Credicorp from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. downgraded Credicorp from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, downgraded Credicorp from a “buy” rating to a “hold” rating in a research report on Monday, November 13th.

Several large investors have recently made changes to their positions in BAP. Advisor Group Inc. grew its stake in shares of Credicorp by 143.0% during the second quarter. Advisor Group Inc. now owns 724 shares of the bank’s stock valued at $130,000 after buying an additional 426 shares during the last quarter. Voya Investment Management LLC grew its stake in shares of Credicorp by 9.9% during the second quarter. Voya Investment Management LLC now owns 9,371 shares of the bank’s stock valued at $1,681,000 after buying an additional 847 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Credicorp by 19.6% during 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. Nomura Holdings Inc. grew its stake in shares of Credicorp by 167.1% during 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. Finally, Shell Asset Management Co. grew its stake in shares of Credicorp by 164.8% during the third quarter. Shell Asset Management Co. now owns 101,489 shares of the bank’s stock valued at $15,567,000 after buying an additional 63,167 shares during the last quarter. 65.66% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Credicorp (NYSE:BAP) opened at $220.23 on Thursday. Credicorp has a 12-month low of $150.71 and a 12-month high of $237.99. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market capitalization of $17,240.00, a PE ratio of 14.02, a price-to-earnings-growth ratio of 1.15 and a beta of 0.91.

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About Credicorp

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.

Analyst Recommendations for Credicorp (NYSE:BAP)

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