Credicorp (NYSE: BAP) has recently received a number of price target changes and ratings updates:

  • 8/16/2019 – Credicorp was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “CreditCorp LTD is a limited liability company to act as a holding company, to coordinate the policy and administration of its subsidiaries and engage in investing activities. Credicorp’s principal objective is to coordinate and manage the business plans of its subsidiaries in an effort to implement universal banking services in Peru, while diversifying regionally. They conduct their financial business exclusively through its subsidiaries “
  • 8/13/2019 – Credicorp was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $250.00 price target on the stock, up previously from $232.00.
  • 8/13/2019 – Credicorp was upgraded by analysts at HSBC Holdings plc from a “hold” rating to a “buy” rating. They now have a $250.00 price target on the stock, up previously from $245.00.
  • 8/1/2019 – Credicorp was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.

Shares of NYSE:BAP traded up $0.86 during midday trading on Thursday, reaching $207.01. 1,446 shares of the company’s stock were exchanged, compared to its average volume of 330,012. The company’s 50 day simple moving average is $222.53 and its two-hundred day simple moving average is $231.12. The firm has a market capitalization of $16.47 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 0.97 and a beta of 0.70. Credicorp Ltd. has a 12 month low of $200.34 and a 12 month high of $252.49. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.09 and a current ratio of 1.09.

Several large investors have recently added to or reduced their stakes in BAP. Invesco Ltd. lifted its holdings in shares of Credicorp by 1,296.9% during the 2nd quarter. Invesco Ltd. now owns 4,333,938 shares of the bank’s stock worth $992,083,000 after acquiring an additional 4,023,686 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Credicorp by 10.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,086,018 shares of the bank’s stock worth $712,871,000 after acquiring an additional 292,335 shares during the period. Bank of Nova Scotia lifted its holdings in shares of Credicorp by 28.5% during the 2nd quarter. Bank of Nova Scotia now owns 1,136,478 shares of the bank’s stock worth $260,151,000 after acquiring an additional 252,359 shares during the period. BlackRock Inc. lifted its holdings in shares of Credicorp by 6.8% during the 1st quarter. BlackRock Inc. now owns 3,842,141 shares of the bank’s stock worth $921,923,000 after acquiring an additional 243,191 shares during the period. Finally, FMR LLC lifted its holdings in shares of Credicorp by 10.2% during the 1st quarter. FMR LLC now owns 1,834,597 shares of the bank’s stock worth $440,211,000 after acquiring an additional 169,485 shares during the period. 67.24% of the stock is owned by institutional investors.

Credicorp Ltd., a financial services holding company, 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 Wealth Management segments. The company offers deposits and current accounts, and various credits and financial instruments to individuals and legal entities.

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