Credicorp (NYSE:BAP - Get Free Report) was upgraded by stock analysts at The Goldman Sachs Group from a "sell" rating to a "neutral" rating in a research note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage presently has a $225.00 price target on the bank's stock, up from their prior price target of $174.00. The Goldman Sachs Group's target price would indicate a potential downside of 4.31% from the company's previous close.
Several other research firms have also recently commented on BAP. UBS Group reiterated a "buy" rating on shares of Credicorp in a research note on Monday, June 2nd. Wall Street Zen lowered shares of Credicorp from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $227.25.
Read Our Latest Stock Report on BAP
Credicorp Stock Down 0.8%
Shares of BAP stock opened at $235.13 on Thursday. Credicorp has a 12 month low of $153.27 and a 12 month high of $240.00. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.49. The firm has a market cap of $18.70 billion, a PE ratio of 12.79, a price-to-earnings-growth ratio of 0.84 and a beta of 1.05. The stock has a 50 day moving average of $218.43 and a 200-day moving average of $198.47.
Institutional Investors Weigh In On Credicorp
Institutional investors have recently bought and sold shares of the business. Cerity Partners LLC boosted its holdings in Credicorp by 31.8% during the fourth quarter. Cerity Partners LLC now owns 4,045 shares of the bank's stock valued at $735,000 after purchasing an additional 977 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Credicorp by 27,522.6% during the 1st quarter. GAMMA Investing LLC now owns 8,563 shares of the bank's stock worth $1,594,000 after buying an additional 8,532 shares during the period. Quantinno Capital Management LP boosted its stake in Credicorp by 29.5% in the 4th quarter. Quantinno Capital Management LP now owns 2,996 shares of the bank's stock valued at $549,000 after buying an additional 682 shares in the last quarter. Penserra Capital Management LLC bought a new stake in Credicorp in the first quarter valued at $122,000. Finally, Quarry LP acquired a new position in Credicorp during the fourth quarter worth $47,000. Institutional investors and hedge funds own 89.81% of the company's stock.
Credicorp Company Profile
(
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Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. It operates through Universal Banking, Insurance and Pensions, Microfinance, and Investment Banking and Equity Management segments. The Universal Banking segment grants various credits and financial instruments to individuals and legal entities; and various deposits and current accounts.
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