Credicorp Ltd. (BAP) Trading 2.7% Higher
Credicorp Ltd. (NYSE:BAP) shares traded up 2.7% during mid-day trading on Thursday . The stock traded as high as $161.00 and last traded at $160.84, with a volume of 149,592 shares. The stock had previously closed at $156.68.
Several research analysts have issued reports on the company. Zacks Investment Research lowered Credicorp from a “hold” rating to a “sell” rating in a report on Monday, August 29th. JPMorgan Chase & Co. increased their price target on Credicorp from $166.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, August 11th. Finally, Credit Suisse Group AG reiterated a “buy” rating and issued a $154.00 price target on shares of Credicorp in a report on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $165.25.
The company’s 50 day moving average price is $159.53 and its 200 day moving average price is $143.73. The firm’s market capitalization is $12.91 billion.
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.