In a report released today, Ernesto Gabilondo from Bank of America Securities reiterated a Buy rating on Credicorp (BAP – Research Report), with a price target of $177.00. The company’s shares closed yesterday at $145.32.
According to TipRanks, Gabilondo is an analyst with an average return of -6.7% and a 41.18% success rate.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Credicorp with a $192.00 average price target.
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The company has a one-year high of $160.15 and a one-year low of $112.51. Currently, Credicorp has an average volume of 288.5K.
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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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