The stock of Credicorp Ltd. (USA) (NYSE:BAP) is a huge mover today! About 489,141 shares traded hands or 87.24% up from the average. Credicorp Ltd. (USA) (NYSE:BAP) has risen 14.61% since April 4, 2016 and is uptrending. It has outperformed by 13.52% the S&P500.
The move comes after 7 months positive chart setup for the $14.66 billion company. It was reported on Nov, 4 by Barchart.com. We have $215.50 PT which if reached, will make NYSE:BAP worth $5.42B more.
Credicorp Ltd. (USA) (NYSE:BAP) Ratings Coverage
Out of 6 analysts covering Credicorp LTD (NYSE:BAP), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. Credicorp LTD has been the topic of 9 analyst reports since September 11, 2015 according to StockzIntelligence Inc. On Tuesday, March 15 the stock rating was initiated by Scotia Capital with “Outperform”. The firm has “Overweight” rating by Barclays Capital given on Tuesday, March 15. The stock of Credicorp Ltd. (USA) (NYSE:BAP) earned “Overweight” rating by Morgan Stanley on Friday, September 11. The stock of Credicorp Ltd. (USA) (NYSE:BAP) earned “Overweight” rating by JP Morgan on Thursday, August 11. Santander downgraded the stock to “Hold” rating in Thursday, March 24 report. The stock of Credicorp Ltd. (USA) (NYSE:BAP) earned “Outperform” rating by Credit Suisse on Wednesday, September 21.
According to Zacks Investment Research, “CreditCorp LTD is a limited liability company to act as a holding company, to coordinate the policy and administration of its subsidiaries and engage in investing activities. Credicorp’s principal objective is to coordinate and manage the business plans of its subsidiaries in an effort to implement universal banking services in Peru, while diversifying regionally. They conduct their financial business exclusively through its subsidiaries”
BAP Company Profile
Credicorp Ltd. (Credicorp), incorporated on August 17, 1995, is a financial services holding firm in Peru. The Firm has four operating divisions based on its services and products, which include banking, insurance, pension funds and investment banking. The Company’s principal operating subsidiaries include Banco de Credito del Peru (BCP); Atlantic Security Bank (ASB), which it holds through Atlantic Security Holding Corporation (ASHC); El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros (Grupo Pacifico); Prima AFP S.A., and Credicorp Capital Ltd. (Credicorp Capital).
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