Credicorp (BAP) Hits New 52-Week High at $216.90

Shares of Credicorp Ltd. (NYSE:BAP) hit a new 52-week high on Wednesday . The company traded as high as $216.90 and last traded at $213.58, with a volume of 150300 shares changing hands. The stock had previously closed at $207.43.

A number of brokerages have recently weighed in on BAP. Zacks Investment Research upgraded Credicorp from a “hold” rating to a “buy” rating and set a $239.00 target price for the company in a research note on Wednesday. ValuEngine lowered Credicorp from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. HSBC lowered Credicorp from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. lowered Credicorp from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, lowered Credicorp from a “buy” rating to a “hold” rating in a research note on Monday, November 13th. Six analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $225.50.

The company has a market capitalization of $17,620.00, a P/E ratio of 14.32, a price-to-earnings-growth ratio of 1.08 and a beta of 0.86. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.22 and a current ratio of 1.22.

A number of institutional investors have recently bought and sold shares of the stock. Neuberger Berman Group LLC boosted its holdings in Credicorp by 2.6% in the third quarter. Neuberger Berman Group LLC now owns 302,147 shares of the bank’s stock valued at $61,946,000 after acquiring an additional 7,792 shares during the last quarter. Guardian Capital LP boosted its holdings in Credicorp by 2.7% in the third quarter. Guardian Capital LP now owns 13,325 shares of the bank’s stock valued at $2,732,000 after acquiring an additional 350 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in Credicorp by 270.3% in the third quarter. Cubist Systematic Strategies LLC now owns 4,614 shares of the bank’s stock valued at $946,000 after acquiring an additional 3,368 shares during the last quarter. Capital International Investors boosted its holdings in Credicorp by 0.9% in the third quarter. Capital International Investors now owns 354,533 shares of the bank’s stock valued at $72,686,000 after acquiring an additional 3,056 shares during the last quarter. Finally, Capital Guardian Trust Co. boosted its holdings in Credicorp by 3.6% in the third quarter. Capital Guardian Trust Co. now owns 136,400 shares of the bank’s stock valued at $27,965,000 after acquiring an additional 4,700 shares during the last quarter. Institutional investors and hedge funds own 65.99% of the company’s stock.

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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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