Credicorp Ltd reaches 52-week high amid sector rotation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 08 Jan 26
Source: SeekingAlpha
Credicorp Ltd experienced a price increase of 3.20%, reaching a 52-week high. This movement occurs in the context of a broader market decline, with the Nasdaq-100 down 0.58% and the S&P 500 down 0.01%.
The stock's rise is attributed to sector rotation, as investors are shifting their focus towards companies like Credicorp Ltd, which are showing strong performance despite the overall market weakness. This trend indicates a selective interest in certain sectors, particularly those related to financial services.
As the market continues to fluctuate, Credicorp Ltd's strong performance may attract further investor attention, suggesting potential for continued growth in the coming weeks.
Analyst Views on BAP
Wall Street analysts forecast BAP stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for BAP is 287.00 USD with a low forecast of 264.00 USD and a high forecast of 310.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 358.180
Low
264.00
Averages
287.00
High
310.00
Current: 358.180
Low
264.00
Averages
287.00
High
310.00
About BAP
Credicorp Ltd is a Peru-based financial services holding company. The Company is organized into four lines of business: Universal Banking, Insurance and Pensions that mainly serve the overall Peruvian market, Microfinance and Investment Banking and Wealth Management that have a strong presence in Latin America. The Company has leveraged its franchises and has consolidated into a Group with more than 36,000 employees and operations mainly in six countries: Peru, Bolivia, Colombia, Chile, Panama and the United States.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
