Credicorp Ltd. (BAP) Trading Down 1.7%
Credicorp Ltd. (NYSE:BAP) shares dropped 1.7% during trading on Friday . The company traded as low as $157.62 and last traded at $157.66, with a volume of 106,886 shares changing hands. The stock had previously closed at $160.38.
BAP has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Credicorp from a “sell” rating to a “hold” rating in a report on Tuesday, May 10th. JPMorgan Chase & Co. increased their price target on shares of Credicorp from $166.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, August 11th. Finally, Credit Suisse Group AG reissued a “buy” rating and issued a $154.00 price objective on shares of Credicorp in a research report on Tuesday, August 9th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Credicorp presently has an average rating of “Buy” and an average price target of $165.25.
The firm has a 50 day moving average price of $159.24 and a 200-day moving average price of $142.06. The stock’s market cap is $12.50 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.
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