The Blackstone Group L.P. (BX): Price Target and June Short Interest Disclosure

The Blackstone Group L.P. (BX) : 7 investment research analysts covering The Blackstone Group L.P. (BX) have an average price target of $30.43 for the near short term. The highest target price given by the Brokerage Firm to the stock is $38 and the lowest target is $24 for the short term. Analysts expect the variance to be within $4.58 of the average price.

The Blackstone Group L.P. (BX), A rise of 444,070 shares or 3.6% was seen in the short interest of The Blackstone Group Lp. Even as the interest increased from 12,377,887 shares on June 15,2016 to 12,821,957 shares on June 30,2016, the days to cover came in at 3. The updated interest stood at 2.3% of the stocks floats. The stock has seen an average daily volume of 4,531,653 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, In the latest statement by the brokerage house, Barclays maintains its outlook on The Blackstone Group L.P. (NYSE:BX). The current rating of the shares is Overweight, according to the research report released by the firm. The brokerage firm lowers the price target from $31 per share to $29 per share. The rating by the firm was issued on July 7, 2016.


The Blackstone Group L.P. (NYSE:BX): stock turned positive on Thursday. Though the stock opened at $25.05, the bulls momentum made the stock top out at $25.31 level for the day. The stock recorded a low of $24.925 and closed the trading day at $25.07, in the green by 1.09%. The total traded volume for the day was 3,570,988. The stock had closed at $24.8 in the previous days trading.

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.

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