Credicorp Ltd. (NYSE:BAP) Stock Rating Upgraded by BidaskClub
Credicorp Ltd. (NYSE:BAP) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Friday.
Other equities analysts have also issued research reports about the company. Zacks Investment Research raised Credicorp from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a research note on Thursday, June 22nd. Credit Suisse Group set a $196.00 price target on Credicorp and gave the company a “buy” rating in a research note on Saturday, May 6th. Finally, UBS AG lowered Credicorp from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 27th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Credicorp currently has an average rating of “Buy” and a consensus price target of $197.00.
Credicorp (NYSE:BAP) traded up 0.07% on Friday, reaching $193.69. The company had a trading volume of 22,966 shares. The company’s 50 day moving average price is $185.57 and its 200-day moving average price is $170.24. Credicorp has a 12 month low of $144.23 and a 12 month high of $202.66. The company’s market capitalization is $15.40 billion.
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Several large investors have recently made changes to their positions in BAP. BlackRock Inc. increased its stake in shares of Credicorp by 9,913.1% in the first quarter. BlackRock Inc. now owns 4,287,311 shares of the bank’s stock valued at $700,118,000 after buying an additional 4,244,494 shares during the period. Legato Capital Management LLC increased its stake in shares of Credicorp by 16,230.0% in the first quarter. Legato Capital Management LLC now owns 2,857,750 shares of the bank’s stock valued at $17,500,000 after buying an additional 2,840,250 shares during the period. Vontobel Asset Management Inc. acquired a new stake in shares of Credicorp during the second quarter valued at about $192,225,000. Vanguard Group Inc. increased its stake in shares of Credicorp by 24.7% in the first quarter. Vanguard Group Inc. now owns 2,311,345 shares of the bank’s stock valued at $377,442,000 after buying an additional 458,288 shares during the period. Finally, OppenheimerFunds Inc. increased its stake in shares of Credicorp by 127.4% in the first quarter. OppenheimerFunds Inc. now owns 616,860 shares of the bank’s stock valued at $100,733,000 after buying an additional 345,605 shares during the period. Institutional investors own 70.34% of the company’s stock.
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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