Shares of Credicorp Ltd. (NYSE:BAP - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $178.44 and traded as high as $184.80. Credicorp shares last traded at $183.61, with a volume of 168,521 shares.
Analysts Set New Price Targets
A number of research firms have weighed in on BAP. Bank of America downgraded shares of Credicorp from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $209.00 to $208.00 in a research note on Monday, December 16th. JPMorgan Chase & Co. lifted their target price on shares of Credicorp from $200.00 to $219.00 and gave the company an "overweight" rating in a research report on Tuesday, November 12th. Finally, The Goldman Sachs Group increased their target price on shares of Credicorp from $143.00 to $160.00 and gave the stock a "sell" rating in a research report on Tuesday, October 8th.
Check Out Our Latest Stock Analysis on BAP
Credicorp Stock Down 0.8 %
The firm's 50 day moving average price is $187.21 and its two-hundred day moving average price is $178.47. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $14.60 billion, a P/E ratio of 10.53, a PEG ratio of 0.66 and a beta of 1.12.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Brown Brothers Harriman & Co. acquired a new position in Credicorp during the 3rd quarter worth about $58,000. Headlands Technologies LLC acquired a new position in Credicorp during the 2nd quarter valued at about $84,000. Sanctuary Advisors LLC bought a new stake in Credicorp during the second quarter worth $210,000. Dynamic Advisor Solutions LLC bought a new stake in Credicorp in the 3rd quarter worth about $216,000. Finally, Atomi Financial Group Inc. purchased a new stake in shares of Credicorp during the third quarter valued at approximately $236,000. Institutional investors and hedge funds own 89.81% of the company's stock.
About Credicorp
(
Get Free Report)
Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. It operates through Universal Banking, Insurance and Pensions, Microfinance, and Investment Banking and Equity Management segments. The Universal Banking segment grants various credits and financial instruments to individuals and legal entities; and various deposits and current accounts.
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