Is Buying All-time Stock Like Credicorp Ltd. (BAP) a Winning Strategy?

January 19, 2018 - By Vivian Park

The stock of Credicorp Ltd. (NYSE:BAP) reached all time high today, Jan, 19 and still has $236.11 target or 3.00 % above today’s $229.23 share price. This indicates more upside for the $18.22B company. This technical setup was reported by Barchart.com. If the $236.11 PT is reached, the company will be worth $546.48M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 0.41% or $0.94 during the last trading session, reaching $229.23. About 135,905 shares traded. Credicorp Ltd. (NYSE:BAP) has risen 23.51% since January 19, 2017 and is uptrending. It has outperformed by 6.81% the S&P500.

Credicorp Ltd. (NYSE:BAP) Ratings Coverage

Among 9 analysts covering Credicorp LTD (NYSE:BAP), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Credicorp LTD had 12 analyst reports since September 11, 2015 according to SRatingsIntel. Santander downgraded Credicorp Ltd. (NYSE:BAP) on Thursday, March 24 to “Hold” rating. The company was downgraded on Friday, September 29 by Citigroup. The firm earned “Buy” rating on Tuesday, August 15 by UBS. The stock has “Overweight” rating by Morgan Stanley on Friday, September 11. Barclays Capital maintained the stock with “Overweight” rating in Tuesday, March 15 report. The firm earned “Outperform” rating on Wednesday, September 21 by Credit Suisse. Scotia Capital initiated the stock with “Outperform” rating in Tuesday, March 15 report. The stock of Credicorp Ltd. (NYSE:BAP) earned “Overweight” rating by JP Morgan on Thursday, August 11. As per Monday, November 13, the company rating was downgraded by HSBC.

More notable recent Credicorp Ltd. (NYSE:BAP) news were published by: Benzinga.com which released: “Earnings Scheduled For February 6, 2017” on February 06, 2017, also Investorplace.com with their article: “7 Bank Stocks That Will Crush the Market in 2017” published on December 09, 2016, Marketwatch.com published: “Peru, Colombia banks thrive as economies boom” on July 25, 2012. More interesting news about Credicorp Ltd. (NYSE:BAP) were released by: Benzinga.com and their article: “Earnings Scheduled For August 7, 2017” published on August 07, 2017 as well as Seekingalpha.com‘s news article titled: “The Invesco Developing Markets Fund Is A Top-Flight Fund” with publication date: June 17, 2016.

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. The company has market cap of $18.22 billion. It operates through four divisions: Banking, Insurance, Pension Funds, and Investment Banking. It has a 19.92 P/E ratio. The firm offers deposits, current accounts, loans, and credit facilities; and provides private pension fund management services to affiliated pensioners.

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