Somewhat Positive News Coverage Likely to Affect Credicorp (NYSE:BAP) Share Price
Headlines about Credicorp (NYSE:BAP) have been trending somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Credicorp earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave headlines about the bank an impact score of 80 out of 100, indicating that recent media coverage is likely to have an effect on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern’s analysis:
- Credicorp Ltd. :Credicorp announces the merger between Pacifico Vida (PV) and Pacifico Seguros Generales (PSG) went into effect (finance.yahoo.com)
- El Pacifico – Peruano Suiza — Moody’s upgrades El Pacifico — Peruano Suiza (insurance financial strength to Baa2); rating to be subsequently withdrawn (finance.yahoo.com)
- Zacks: Brokerages Anticipate Credicorp Ltd. (NYSE:BAP) Will Post Earnings of $3.43 Per Share (americanbankingnews.com)
- Credicorp Ltd. (BAP) Trades at 52-Week High (highlightpress.com)
- Credicorp Ltd. (NYSE:BAP) Scheduled to Post Quarterly Earnings on Monday (americanbankingnews.com)
Shares of Credicorp (NYSE BAP) traded up 0.78% on Thursday, hitting $189.45. The company’s stock had a trading volume of 190,666 shares. The company has a market cap of $15.06 billion, a price-to-earnings ratio of 4.29 and a beta of 0.84. Credicorp has a 52 week low of $144.23 and a 52 week high of $189.98. The stock’s 50 day moving average is $183.22 and its 200-day moving average is $168.84.
A number of research firms recently issued reports on BAP. UBS AG lowered Credicorp from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 27th. Credit Suisse Group set a $196.00 target price on Credicorp and gave the company a “buy” rating in a research note on Saturday, May 6th. Zacks Investment Research lowered Credicorp from a “buy” rating to a “hold” rating in a research note on Tuesday, May 23rd. Finally, BidaskClub raised Credicorp from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Credicorp has an average rating of “Buy” and an average price target of $197.00.
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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