UBS AG Analysts Give Credicorp Ltd. (BAP) a $219.00 Price Target
Credicorp Ltd. (NYSE:BAP) has been given a $219.00 price target by research analysts at UBS AG in a report issued on Tuesday, www.tipranks.com reports. The brokerage presently has a “buy” rating on the bank’s stock. UBS AG’s price target points to a potential upside of 10.96% from the company’s current price.
BAP has been the subject of a number of other research reports. Zacks Investment Research raised shares of Credicorp from a “hold” rating to a “buy” rating and set a $174.00 price target for the company in a report on Tuesday, April 18th. BidaskClub raised shares of Credicorp from a “hold” rating to a “buy” rating in a report on Saturday, June 17th.
Credicorp (BAP) opened at 197.37 on Tuesday. The stock has a 50 day moving average price of $186.46 and a 200 day moving average price of $170.74. The stock’s market cap is $15.68 billion. Credicorp has a 12-month low of $144.23 and a 12-month high of $202.66.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Huntington National Bank increased its position in shares of Credicorp by 3.4% in the first quarter. Huntington National Bank now owns 764 shares of the bank’s stock worth $125,000 after buying an additional 25 shares during the last quarter. Advisor Group Inc. increased its position in shares of Credicorp by 143.0% in the second quarter. Advisor Group Inc. now owns 724 shares of the bank’s stock worth $130,000 after buying an additional 426 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Credicorp by 50.0% in the first quarter. Tower Research Capital LLC TRC now owns 846 shares of the bank’s stock worth $138,000 after buying an additional 282 shares during the last quarter. US Bancorp DE increased its position in shares of Credicorp by 117.4% in the first quarter. US Bancorp DE now owns 1,248 shares of the bank’s stock worth $204,000 after buying an additional 674 shares during the last quarter. Finally, UMB Bank N A MO increased its position in shares of Credicorp by 4.0% in the first quarter. UMB Bank N A MO now owns 1,418 shares of the bank’s stock worth $232,000 after buying an additional 54 shares during the last quarter. 69.31% of the stock is owned by hedge funds and other institutional investors.
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.
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