Credicorp (NYSE:BAP) was downgraded by investment analysts at Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell from a “neutral” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, Analyst Ratings Network reports. They currently have a $114.00 price target on the bank’s stock, up from their prior price target of $65.00. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell’s price objective points to a potential downside of 9.05% from the company’s current price.
A number of other brokerages also recently commented on BAP. Citigroup downgraded shares of Credicorp from a “neutral” rating to a “sell” rating in a research report on Wednesday. Morgan Stanley cut shares of Credicorp from an “overweight” rating to an “equal weight” rating and set a $125.00 target price for the company. in a report on Wednesday. UBS Group upgraded shares of Credicorp from a “neutral” rating to a “buy” rating and lowered their target price for the company from $174.00 to $171.00 in a report on Monday, May 24th. HSBC restated a “hold” rating and issued a $137.00 target price on shares of Credicorp in a report on Tuesday, April 27th. Finally, Scotiabank restated a “sector perform” rating and issued a $150.00 target price on shares of Credicorp in a report on Tuesday, March 30th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $149.00.
Shares of NYSE:BAP opened at $125.35 on Wednesday. Credicorp has a 52 week low of $110.47 and a 52 week high of $169.50. The firm has a 50 day moving average price of $133.92. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market cap of $10.00 billion, a P/E ratio of 47.30 and a beta of 0.91.
Institutional investors and hedge funds have recently made changes to their positions in the company. Capital Asset Advisory Services LLC purchased a new position in shares of Credicorp in the 4th quarter valued at about $28,000. Atlas Capital Advisors LLC increased its holdings in shares of Credicorp by 294.4% in the 1st quarter. Atlas Capital Advisors LLC now owns 213 shares of the bank’s stock valued at $29,000 after purchasing an additional 159 shares in the last quarter. Graves Light Private Wealth Management Inc. purchased a new position in shares of Credicorp in the 4th quarter valued at about $31,000. Marshall Wace North America L.P. purchased a new position in shares of Credicorp in the 1st quarter valued at about $72,000. Finally, Sowell Financial Services LLC purchased a new position in shares of Credicorp in the 1st quarter valued at about $80,000. Institutional investors and hedge funds own 66.03% of the company’s stock.
Credicorp Ltd., a financial services holding company, provides various financial, insurance, and health services and products primarily in Peru and internationally. The company's Universal Banking segment offers deposits and current accounts, and various credits and financial instruments to individuals and legal entities.
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