Credicorp Reaches New 52-Week High (BAP)

NEW YORK ( TheStreet) -- Credicorp (NYSE: BAP) hit a new 52-week high Thursday as it is currently trading at $114.43, above its previous 52-week high of $113.99 with 13,656 shares traded as of 9:34 a.m. ET. Average volume has been 229,900 shares over the past 30 days.

Credicorp has a market cap of $8.89 billion and is part of the financial sector and banking industry. Shares are up 3% year to date as of the close of trading on Wednesday.

Credicorp Ltd., through its subsidiaries, provides a range of financial products and services in Peru, Bolivia, and Panama. The company has a P/E ratio of 15.5, above the average banking industry P/E ratio of 13.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Credicorp as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, growth in earnings per share, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Credicorp Ratings Report.

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