Credicorp Ltd. (BAP) Earns “Buy” Rating from Goldman Sachs Group, Inc. (The)
Goldman Sachs Group, Inc. (The) reiterated their buy rating on shares of Credicorp Ltd. (NYSE:BAP) in a report released on Monday morning. They currently have a $248.00 price objective on the bank’s stock.
Several other analysts have also issued reports on BAP. Zacks Investment Research lowered shares of Credicorp from a buy rating to a hold rating in a report on Tuesday, May 23rd. BidaskClub raised Credicorp from a hold rating to a buy rating in a research report on Saturday, June 17th. Finally, UBS AG downgraded Credicorp from an outperform rating to a market perform rating in a research report on Tuesday, June 27th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Credicorp has a consensus rating of Buy and an average price target of $217.00.
Credicorp (NYSE BAP) opened at 211.06 on Monday. The firm’s 50-day moving average is $199.30 and its 200-day moving average is $176.50. The company’s market cap is $16.78 billion. Credicorp has a 52-week low of $144.23 and a 52-week high of $212.31.
WARNING: This article was first reported by Daily Political and is the property of of Daily Political. If you are viewing this article on another domain, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://www.dailypolitical.com/2017/09/15/credicorp-ltd-bap-earns-buy-rating-from-goldman-sachs-group-inc-the.html.
Several institutional investors have recently made changes to their positions in BAP. BlackRock Inc. grew its position in shares of Credicorp by 9,913.1% during the first quarter. BlackRock Inc. now owns 4,287,311 shares of the bank’s stock worth $700,118,000 after buying an additional 4,244,494 shares in the last quarter. Vontobel Asset Management Inc. purchased a new stake in Credicorp during the second quarter worth approximately $192,225,000. Vanguard Group Inc. lifted its stake in Credicorp by 24.7% during the first quarter. Vanguard Group Inc. now owns 2,311,345 shares of the bank’s stock worth $377,442,000 after purchasing an additional 458,288 shares during the last quarter. OppenheimerFunds Inc. lifted its stake in Credicorp by 127.4% during the first quarter. OppenheimerFunds Inc. now owns 616,860 shares of the bank’s stock worth $100,733,000 after purchasing an additional 345,605 shares during the last quarter. Finally, FMR LLC lifted its stake in Credicorp by 29.2% during the first quarter. FMR LLC now owns 1,488,501 shares of the bank’s stock worth $243,072,000 after purchasing an additional 336,149 shares during the last quarter. 66.45% of the stock is owned by institutional investors and hedge funds.
Credicorp Company Profile
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.
Receive News & Ratings for Credicorp Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Credicorp Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.