Rating Affirmation: AM Best has affirmed Pacífico Insurance's Financial Strength Rating of A- and Long-Term Issuer Credit Rating of 'a-', reflecting its strong balance sheet, adequate operating performance, and appropriate risk management practices.
Market Position: As of October 2025, Pacífico holds a 22% market share, making it the second-largest insurer in Peru, which underscores its significant influence in the local insurance market.
Profitability Improvement: The company reported profits of $219 million in 2024, driven by underwriting adjustments in its pension-related business lines, demonstrating its recovery capabilities and potential for continued profit growth post-pandemic.
Capital Adequacy: Pacífico's risk-adjusted capitalization is assessed at the strongest level, indicating a robust capital base that has expanded in recent years, positioning the company for sustained operational performance going forward.
BAP
$281+Infinity%1D
Analyst Views on BAP
Wall Street analysts forecast BAP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BAP is 279.00 USD with a low forecast of 255.00 USD and a high forecast of 318.00 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.
3 Analyst Rating
Wall Street analysts forecast BAP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BAP is 279.00 USD with a low forecast of 255.00 USD and a high forecast of 318.00 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.
1 Buy
2 Hold
0 Sell
Moderate Buy
Current: 275.600
Low
255.00
Averages
279.00
High
318.00
Current: 275.600
Low
255.00
Averages
279.00
High
318.00
JPMorgan
NULL -> Overweight
upgrade
$242 -> $310
2025-11-21
Reason
JPMorgan
Price Target
$242 -> $310
2025-11-21
upgrade
NULL -> Overweight
Reason
JPMorgan raised the firm's price target on Credicorp to $310 from $242 and keeps an Overweight rating on the shares.
UBS
Thiago Batista
maintain
$257 -> $318
2025-09-16
Reason
UBS
Thiago Batista
Price Target
$257 -> $318
2025-09-16
maintain
Reason
UBS analyst Thiago Batista raised the firm's price target on Credicorp to $318 from $257 and keeps a Buy rating on the shares.
HSBC
Buy
to
Hold
downgrade
$225 -> $255
2025-09-05
Reason
HSBC
Price Target
$225 -> $255
2025-09-05
downgrade
Buy
to
Hold
Reason
HSBC downgraded Credicorp to Hold from Buy with a price target of $255, up from $225. The firm has doubts regarding the company's increased long-term return on average equity target of 19.5%. Even with Yape, those returns do not look sustainable, the analyst tells investors in a research note. HSBC says that while Credicorp has reached record levels of profitability, the stock is also at its historical peak.
Citi
Brian Flores
Buy
maintain
$255 -> $275
2025-08-20
Reason
Citi
Brian Flores
Price Target
$255 -> $275
2025-08-20
maintain
Buy
Reason
Citi analyst Brian Flores raised the firm's price target on Credicorp to $275 from $255 and keeps a Buy rating on the shares post the Q2 report. The firm sees additional upside in the shares due to an improving credit cycle and higher synergies across business units.
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.
