In a report released yesterday, Paul Johnson from KBW assigned a Hold rating to Blackstone Secured Lending Fund (BXSL – Research Report), with a price target of $30.50. The company’s shares closed yesterday at $31.73.
Johnson covers the Financial sector, focusing on stocks such as BlackRock TCP Capital, Fidus Investment, and Golub Capital Bdc. According to TipRanks, Johnson has an average return of 2.7% and a 71.43% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Blackstone Secured Lending Fund with a $31.16 average price target.
The company has a one-year high of $32.67 and a one-year low of $22.49. Currently, Blackstone Secured Lending Fund has an average volume of 850.7K.
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Blackstone Secured Lending Fund (BXSL) Company Description:
Blackstone Secured Lending Fund is a specialty finance company that invests primarily in the debt of private U.S. companies. It focus on investing in privately originated senior secured loans which are generally debt instruments that pay floating interest rates and rank ahead of subordinated debt and equity, where we believe lender protections are stronger and offer superior return opportunities as compared to broadly syndicated loans and public market debt instruments.
