Credicorp Ltd. (BAP) Shares Down 2.3%
Credicorp Ltd. (NYSE:BAP)’s share price was down 2.3% during trading on Friday . The stock traded as low as $158.73 and last traded at $158.80, with a volume of 194,574 shares trading hands. The stock had previously closed at $162.51.
Several equities analysts have recently commented on BAP shares. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $154.00 target price on shares of Credicorp in a research report on Tuesday. Zacks Investment Research raised Credicorp from a “hold” rating to a “buy” rating and set a $168.00 target price on the stock in a research report on Wednesday, July 6th. Finally, JPMorgan Chase & Co. upped their target price on Credicorp from $166.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $165.25.
The company’s market capitalization is $12.65 billion. The stock’s 50 day moving average is $157.01 and its 200 day moving average is $137.70.
A hedge fund recently raised its stake in Credicorp stock. State of New Jersey Common Pension Fund D raised its stake in shares of Credicorp Ltd. (NYSE:BAP) by 6.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 148,597 shares of the company’s stock after buying an additional 8,767 shares during the period. State of New Jersey Common Pension Fund D owned 0.19% of Credicorp worth $14,461,000 at the end of the most recent quarter.
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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