JPMorgan Chase & Co. cut shares of Credicorp (NYSE:BAP) from an overweight rating to a neutral rating in a research note released on Monday, Marketbeat reports. They currently have $240.00 target price on the bank’s stock, up from their previous target price of $232.00.
A number of other analysts have also weighed in on BAP. ValuEngine lowered Credicorp from a buy rating to a hold rating in a report on Friday, February 8th. TheStreet upgraded Credicorp from a c+ rating to a b- rating in a report on Wednesday, January 23rd. Zacks Investment Research upgraded Credicorp from a sell rating to a hold rating in a report on Monday, December 31st. Itau BBA Securities upgraded Credicorp from a market perform rating to an outperform rating and set a $274.00 target price for the company in a report on Friday, December 7th. Finally, UBS Group upgraded Credicorp from a market perform rating to an outperform rating in a report on Thursday, December 6th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $254.50.
Shares of NYSE BAP opened at $240.14 on Monday. The company has a quick ratio of 1.16, a current ratio of 1.18 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $19.11 billion, a P/E ratio of 16.14, a PEG ratio of 1.53 and a beta of 0.72. Credicorp has a 52-week low of $207.41 and a 52-week high of $250.40.
About Credicorp
Credicorp Ltd., through its banking and non-banking subsidiaries, provides a range of financial, insurance, and health services and products primarily in Peru and internationally. It operates through four segments: Banking, Insurance, Pension Funds, and Investment Banking. The company offers deposits, current accounts, loans, and credit facilities; and provides private pension fund management services to affiliated pensioners.
Further Reading: Straddles
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