In a report released today, Carlos Gomez-Lopez from HSBC reiterated a Buy rating on Credicorp (BAP – Research Report). The company’s shares closed last Friday at $151.71.
According to TipRanks, Gomez-Lopez is a 3-star analyst with an average return of 10.0% and a 63.64% success rate.
Currently, the analyst consensus on Credicorp is a Moderate Buy with an average price target of $171.75, representing a 13.21% upside. In a report released on July 7, Scotiabank also upgraded the stock to a Buy with a $207.00 price target.
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BAP market cap is currently $12.07B and has a P/E ratio of 9.53.
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Credicorp Ltd. is a holding company, which engages in the provision of financial services. It operates through the following segments: Universal Banking; Insurance & Pensions; Microfinance; and Investment Banking & Wealth Management. The Universal Banking segment includes the operations related to the granting of various credits and financial instruments to individuals and legal entities. The Insurance and Pensions segment includes the issue of insurance policies to cover losses in commercial property, transport, marine vessels, automobiles, life, health and pensions and also provides management service of private pension funds to the affiliates. The microfinance segment includes the management of loans, credits, deposits and current accounts of the small and microenterprises. The Investment Banking & Wealth Management segment includes the brokerage service and investment management services offered to clientele, which includes corporations, institutional investors, governments and foundations; also, the structuring and placement of issues in the primary market, as well as the execution and negotiation of transactions in the secondary market. The company was founded on October 20, 1995 and is headquartered in Lima, Peru.
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