In a report released on October 20, Brian Bedell from Deutsche Bank maintained a Buy rating on Blackstone Group (BX – Research Report), with a price target of $106.00. The company’s shares closed last Friday at $94.42.
Bedell covers the Financial sector, focusing on stocks such as Charles Schwab, Affiliated Managers, and Bank of New York Mellon Corporation. According to TipRanks, Bedell has an average return of 5.0% and a 45.95% success rate on recommended stocks.
In addition to Deutsche Bank, Blackstone Group also received a Buy from Jefferies’s Daniel Fannon in a report issued yesterday. However, on October 20, Barclays maintained a Hold rating on Blackstone Group (NYSE: BX).
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The company has a one-year high of $116.78 and a one-year low of $69.86. Currently, Blackstone Group has an average volume of 6.15M.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is neutral on the stock.
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Blackstone Group (BX) Company Description:
Founded in 1985 and headquartered in New York, The Blackstone Group is one of the world’s leading investment companies. It operates through the following segments: Private Equity, Real Estate, Hedge Fund Solutions, and Credit & Insurance.
Read More on BX:
- Blackstone price target lowered to $105 from $118 at Evercore ISI
- Blackstone price target lowered to $113 from $118 at Wells Fargo
- Blackstone price target lowered to $102 from $116 at Barclays
- NiSource announces FERC approval of sale of 19.9% interest in NIPSCO
- Unusually active option classes on open October 19th
