Goldman Sachs Group, Inc. (The) Reiterates “Buy” Rating for Credicorp Ltd. (BAP)
Credicorp Ltd. (NYSE:BAP)‘s stock had its “buy” rating reiterated by equities research analysts at Goldman Sachs Group, Inc. (The) in a research report issued to clients and investors on Monday. They presently have a $248.00 price target on the bank’s stock. Goldman Sachs Group, Inc. (The)’s price objective points to a potential upside of 19.14% from the company’s previous close.
Other research analysts also recently issued reports about the company. Zacks Investment Research upgraded Credicorp from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a research note on Thursday, June 22nd. BidaskClub upgraded Credicorp from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Finally, UBS AG set a $219.00 target price on Credicorp and gave the stock a “buy” rating in a research note on Tuesday, August 15th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Credicorp has an average rating of “Buy” and a consensus target price of $217.00.
Credicorp (BAP) opened at 208.15 on Monday. Credicorp has a one year low of $144.23 and a one year high of $209.82. The company’s market capitalization is $16.54 billion. The stock’s 50 day moving average price is $197.19 and its 200-day moving average price is $175.71.
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A number of hedge funds have recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC grew its stake in Credicorp by 0.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,609 shares of the bank’s stock worth $263,000 after buying an additional 13 shares during the last quarter. Jennison Associates LLC grew its stake in Credicorp by 0.8% during the 2nd quarter. Jennison Associates LLC now owns 3,424 shares of the bank’s stock worth $614,000 after buying an additional 26 shares during the last quarter. Commonwealth Bank of Australia grew its stake in Credicorp by 0.3% during the 2nd quarter. Commonwealth Bank of Australia now owns 7,895 shares of the bank’s stock worth $1,415,000 after buying an additional 27 shares during the last quarter. Wetherby Asset Management Inc. grew its stake in Credicorp by 2.7% during the 2nd quarter. Wetherby Asset Management Inc. now owns 2,012 shares of the bank’s stock worth $361,000 after buying an additional 53 shares during the last quarter. Finally, World Asset Management Inc grew its stake in Credicorp by 2.1% during the 1st quarter. World Asset Management Inc now owns 4,952 shares of the bank’s stock worth $809,000 after buying an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 66.45% 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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