It Seems Credicorp Limited (NYSE:BAP) Will Go Up. Just Reported Less Shorted Shares

December 8, 2017 - By Michael Collier

 It Seems Credicorp Limited (NYSE:BAP) Will Go Up. Just Reported Less Shorted Shares

The stock of Credicorp Limited (NYSE:BAP) registered a decrease of 8.32% in short interest. BAP’s total short interest was 562,800 shares in December as published by FINRA. Its down 8.32% from 613,900 shares, reported previously. With 203,300 shares average volume, it will take short sellers 3 days to cover their BAP’s short positions. The short interest to Credicorp Limited’s float is 1.09%.

The stock increased 0.79% or $1.62 during the last trading session, reaching $206.92. About 311,518 shares traded or 21.73% up from the average. Credicorp Ltd. (NYSE:BAP) has risen 23.51% since December 8, 2016 and is uptrending. It has outperformed by 6.81% the S&P500.

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 $16.44 billion. It operates through four divisions: Banking, Insurance, Pension Funds, and Investment Banking. It has a 17.99 P/E ratio. The firm offers deposits, current accounts, loans, and credit facilities; and provides private pension fund management services to affiliated pensioners.

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 has $21900 highest and $142 lowest target. $179.20’s average target is -13.40% below currents $206.92 stock price. Credicorp LTD had 12 analyst reports since September 11, 2015 according to SRatingsIntel. The company was maintained on Wednesday, September 21 by Credit Suisse. The firm earned “Buy” rating on Tuesday, August 15 by UBS. HSBC downgraded Credicorp Ltd. (NYSE:BAP) on Monday, November 13 to “Hold” rating. Citigroup downgraded Credicorp Ltd. (NYSE:BAP) on Friday, September 29 to “Neutral” rating. Santander downgraded the shares of BAP in report on Thursday, March 24 to “Hold” rating. The rating was upgraded by Morgan Stanley to “Overweight” on Friday, September 11. JP Morgan maintained Credicorp Ltd. (NYSE:BAP) on Thursday, August 11 with “Overweight” rating. The firm has “Overweight” rating by Barclays Capital given on Tuesday, March 15. On Tuesday, March 15 the stock rating was initiated by Scotia Capital with “Outperform”.

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