In a report released on December 8, Mark Hughes from Truist Financial maintained a Buy rating on Blackstone Secured Lending Fund (BXSL – Research Report), with a price target of $30.00. The company’s shares closed yesterday at $27.87.
Hughes covers the Financial sector, focusing on stocks such as Kinsale Capital Group, Brown & Brown, and Encore Capital. According to TipRanks, Hughes has an average return of 16.1% and a 71.88% success rate on recommended stocks.
Currently, the analyst consensus on Blackstone Secured Lending Fund is a Moderate Buy with an average price target of $29.79, a 6.89% upside from current levels. In a report released yesterday, Compass Point also reiterated a Buy rating on the stock with a $30.00 price target.
See Insiders’ Hot Stocks on TipRanks >>
The company has a one-year high of $28.75 and a one-year low of $19.99. Currently, Blackstone Secured Lending Fund has an average volume of 981.5K.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on BXSL:
