Credicorp Ltd. (BAP) Shares Up 2.7%
Shares of Credicorp Ltd. (NYSE:BAP) shot up 2.7% on Thursday . The company traded as high as $161.00 and last traded at $160.84, with a volume of 149,592 shares traded. The stock had previously closed at $156.68.
A number of equities analysts have recently issued reports on BAP shares. Zacks Investment Research raised Credicorp from a “hold” rating to a “buy” rating and set a $168.00 target price for the company in a research note on Wednesday, July 6th. Credit Suisse Group AG reissued a “buy” rating and set a $154.00 target price on shares of Credicorp in a research note on Tuesday, August 9th. Finally, JPMorgan Chase & Co. increased their target price on Credicorp from $166.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, August 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $165.25.
The firm’s 50-day moving average is $159.37 and its 200-day moving average is $143.48. The stock’s market capitalization is $12.79 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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