The Blackstone Group L.P. (NYSE:BX) : The highest level The Blackstone Group L.P. (NYSE:BX) is projected to reach is $38 for the short term and the lowest estimate is at $26. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $32 and the possibility the share price can swing is $3.79.
Other Equity analysts have also commented on the company shares. Deutsche Bank maintains their rating on the shares of The Blackstone Group L.P. (NYSE:BX). The current rating of the shares is Hold. Equity Analysts at the Firm lowers the price target to $26 per share from $28 per share. The rating by the firm was issued on June 16, 2016.
The Blackstone Group L.P. (NYSE:BX): stock turned positive on Thursday. Though the stock opened at $25.43, the bulls momentum made the stock top out at $25.89 level for the day. The stock recorded a low of $25.33 and closed the trading day at $25.88, in the green by 2.82%. The total traded volume for the day was 5,054,304. The stock had closed at $25.17 in the previous days trading.
The company shares have dropped -38.73% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $42.60 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $26.03 and the 200 Day Moving Average price is recorded at $27.04. On the companys insider trading activities, The director, of Blackstone Group L.P., Goodman Bennett J had unloaded 342,916 shares at $26.31 per share in a transaction on February 19, 2016. The total value of transaction was $9,022,120. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
The Blackstone Group L.P. is a global alternative asset manager. The Companys alternative asset management businesses include investment vehicles focused on private equity, real estate, hedge fund solutions, non-investment grade credit, secondary funds and multi-asset class exposures falling outside of other funds mandates. The Companys segments include Private Equity, Real Estate, Hedge Fund Solutions and Credit. The Companys Private Equity segment focuses on identifying, managing and creating lasting value for its investors. The Company manages a number of global, European and Asian focused opportunistic real estate funds, several real estate debt investment funds, a real estate investment trust (BXMT). The Companys Hedge Fund Solutions group consists of Blackstone Alternative Asset Management (BAAM). Its credit business consists of GSO Capital Partners LP (GSO). It is a participant in the leveraged finance markets.