HSBC upgraded shares of Credicorp (NYSE:BAP) from a hold rating to a buy rating in a research note issued to investors on Tuesday, BenzingaRatingsTable reports. HSBC currently has $250.00 price target on the bank’s stock, up from their prior price target of $245.00.
BAP has been the subject of several other reports. ValuEngine cut shares of Credicorp from a hold rating to a sell rating in a research note on Thursday, August 1st. Zacks Investment Research upgraded shares of Credicorp from a sell rating to a hold rating in a research note on Thursday, May 9th. Finally, JPMorgan Chase & Co. upgraded shares of Credicorp from a neutral rating to an overweight rating and lifted their price objective for the company from $232.00 to $250.00 in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $258.00.
BAP stock opened at $202.18 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.09 and a debt-to-equity ratio of 0.59. Credicorp has a 52 week low of $200.33 and a 52 week high of $252.49. The firm has a 50 day moving average of $225.39 and a 200 day moving average of $232.01. The stock has a market capitalization of $16.58 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 0.97 and a beta of 0.70.
Credicorp Ltd., a financial services holding company, 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 Wealth Management segments. The company offers deposits and current accounts, and various credits and financial instruments to individuals and legal entities.
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