Credicorp (NYSE:BAP) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Credicorp (NYSE:BAP) had its target price upped by JPMorgan Chase & Co. from $200.00 to $219.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the bank’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 17.10% from the company’s current price.

Separately, The Goldman Sachs Group raised their target price on shares of Credicorp from $143.00 to $160.00 and gave the stock a “sell” rating in a research note on Tuesday, October 8th.

Credicorp Stock Down 0.3 %

Shares of BAP opened at $187.02 on Tuesday. The firm has a fifty day moving average price of $181.80 and a 200 day moving average price of $171.83. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.02 and a quick ratio of 1.02. Credicorp has a 1-year low of $117.15 and a 1-year high of $193.25.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Brown Brothers Harriman & Co. purchased a new stake in shares of Credicorp in the third quarter worth about $58,000. Headlands Technologies LLC purchased a new stake in Credicorp during the 2nd quarter worth $84,000. Atlas Capital Advisors LLC lifted its holdings in Credicorp by 14.9% in the 2nd quarter. Atlas Capital Advisors LLC now owns 687 shares of the bank’s stock worth $111,000 after buying an additional 89 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in Credicorp in the 2nd quarter valued at about $210,000. Finally, Dynamic Advisor Solutions LLC acquired a new stake in shares of Credicorp during the third quarter valued at about $216,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Credicorp Company Profile

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.