Should You Sell Credicorp Ltd (BAP) And Go Away This Year?

Credicorp Ltd (NYSE:BAP) currently has a daily average trading volume of 240.29K but it saw 168521 shares traded in last market. With a market cap of 14.62B USD, the company’s current market price of $183.78 came falling about -0.70 while comparing to the previous closing price of $185.07. In past 52 weeks, the stock remained buoying in the range of price level as high as $200.00 and as low as $141.91. In the recent trading on the day, stock has struck highest price mark of $182.76 while lowest mark touched by it was $184.8.

Taking a look at 20-day trading activity of Credicorp Ltd (BAP) gives us an average price of $184.90, while its current price level is -8.11% below from 52-week high level whereas it is 29.50% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $187.40 while that of 200 days or SMA-200 reads an average of $174.54. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.96% during that period while stretching the period over a month that increases to 2.21%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 46.44 which implies that the stock is in neutral territory.

JP Morgan upgraded its recommendation for the stock as a “Overweight” from “Neutral” on December 15, 2023 while assigning a price target range of $162-$190. Jefferies issued its recommendations for the stock as it initiated the price target for the stock is $161.20.

Over the week, BAP’s stock price is moving 0.25% up while it is -3.52% when we observe its performance for the past one month. Year-to-date it is 0.25% up and over the past year, the stock is showing an upside performance of 26.05%.

Currently, Credicorp Ltd’s total number of outstanding shares is 79.43M. Company’s return on investment (ROI) stands at 9.79% and return on equity (ROE) at 16.10%. It has a price to earnings ratio (P/E ratio) of 10.54 while having a 8.58 of forward P/E ratio. Stock’s beta reads 1.08. Stock has a price to book (P/B) ratio of 1.62 while price to sale or P/S ratio amounts to 2.04. Its return on asset (ROA) is 2.13% on average.