Analysis: Credicorp LTD (NYSE:BAP) Target Raised Today
In a comprehensive report published by Barclays Capital on Thursday morning, the firm, Credicorp LTD (NYSE:BAP), had their price target cut to $146.00. Analusts at present have a solid “Overweight” rating on the stock.
From a total of 12 analysts covering Credicorp LTD (NYSE:BAP) stock, 12 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 92% of the ratings are positive. Credicorp LTD was the topic of 2 analyst reports since September 11, 2015 according to the firm StockzIntelligence Inc. Morgan Stanley upgraded shares on September 11 to “Overweight” rating.
Approximately 100,658 shares of stock traded hands. Credicorp Ltd. (USA) (NYSE:BAP) has declined 31.54% since April 30, 2015 and is downtrending. It has underperformed by 31.25% the S&P500.
Credicorp Ltd. is a financial services holding firm in Peru. The company has a market cap of $9.80 billion. The Firm is has four operating divisions based on its services and products. It has 9.7 P/E ratio. The Company’s operational divisions include banking, insurance, pension funds and investment banking.
According to Zacks Investment Research, “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” Get a free copy of the Zacks research report on Credicorp Ltd. (USA) (BAP).