Credicorp Reaches New 52-Week High (BAP)

NEW YORK ( TheStreet) -- Credicorp (NYSE: BAP) hit a new 52-week high Friday as it is currently trading at $131.51, above its previous 52-week high of $131.14 with 84,583 shares traded as of 11:09 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 18.2% year to date as of the close of trading on Thursday.

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 18.1, above the average banking industry P/E ratio of 13.7 and above 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 robust revenue growth, notable return on equity, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. 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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