Credicorp (NYSE:BAP) Price Target Raised to $219.00

Credicorp (NYSE:BAP) had its price target upped by equities research analysts at JPMorgan Chase & Co. from $200.00 to $219.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the bank’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 16.00% from the company’s previous close.

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

Credicorp Stock Up 1.8 %

Shares of BAP traded up $3.29 on Tuesday, reaching $188.79. The stock had a trading volume of 13,450 shares, compared to its average volume of 229,103. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.54. Credicorp has a 12-month low of $116.42 and a 12-month high of $193.25. The company has a 50-day simple moving average of $181.49 and a 200-day simple moving average of $171.68.

Hedge Funds Weigh In On Credicorp

Hedge funds have recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in shares of Credicorp in the second quarter worth $84,000. Atlas Capital Advisors LLC lifted its stake in Credicorp by 14.9% during the 2nd quarter. Atlas Capital Advisors LLC now owns 687 shares of the bank’s stock valued at $111,000 after acquiring an additional 89 shares during the period. Dynamic Advisor Solutions LLC purchased a new stake in shares of Credicorp during the 3rd quarter valued at about $216,000. Sanctuary Advisors LLC bought a new stake in shares of Credicorp in the second quarter worth approximately $210,000. Finally, Atomi Financial Group Inc. purchased a new position in shares of Credicorp during the third quarter valued at approximately $236,000. 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.