The Blackstone Group L.P. Now Covered by Deutsche Bank (BX)
Analysts at Deutsche Bank assumed coverage on shares of The Blackstone Group L.P. (NYSE:BX) in a research report issued to clients and investors on Tuesday, AnalystRatings.NET reports. The firm set a “buy” rating on the stock.
The Blackstone Group L.P. (NYSE:BX) traded up 1.93% on Tuesday, hitting $31.11. The stock had a trading volume of 3,116,614 shares. The Blackstone Group L.P. has a 52-week low of $17.06 and a 52-week high of $33.41. The stock’s 50-day moving average is $31.15 and its 200-day moving average is $26.38. The company has a market cap of $17.570 billion and a P/E ratio of 26.98.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of The Blackstone Group L.P. in a research note to investors on Wednesday, December 18th. They now have a $35.00 price target on the stock, up previously from $33.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of The Blackstone Group L.P. in a research note to investors on Tuesday, December 17th. They now have a $30.50 price target on the stock. Finally, analysts at Morgan Stanley raised their price target on shares of The Blackstone Group L.P. from $28.00 to $32.00 in a research note to investors on Thursday, November 14th. They now have an “overweight” rating on the stock. Four analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The Blackstone Group L.P. presently has a consensus rating of “Buy” and a consensus target price of $48.17.
The Blackstone Group L.P. (NYSE:BX) is a manager of private capital and provider of financial advisory services.
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