Credicorp Ltd. with ticker code (BAP) now have 12 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 181 and 129.03 calculating the average target price we see 156.84. Given that the stocks previous close was at 135.2 this would imply there is a potential upside of 16.0%. The day 50 moving average is 141.82 and the 200 day moving average is 135.27. The company has a market cap of $10,795m. Company Website: https://www.grupocredicorp.com
The potential market cap would be $12,523m based on the market concensus.
Credicorp Ltd., a financial service 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. Its Insurance and Pensions segment issues insurance policies to cover losses in commercial property, transportation, marine vessels, automobile, life, health, and pensions, as well as provides private pension fund management services. The company’s Microfinance segment manages loans, credits, deposits, and current accounts of the small and microenterprises. Its Investment Banking and Wealth Management segment offers its services to corporations, institutional investors, governments, and foundations; engages in structuring and placement of issues in the primary market, as well as the execution and negotiation of operations in the secondary market; and structures securitization processes for corporate customers and manages mutual funds. The company was founded in 1889 and is headquartered in Lima, Peru.
