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Goldman Sachs Group Inc. announced Buckeye Partners, L.P. (NYSE:BPL), hiking its price target to $78.00 earlier today

Only yesterday Buckeye Partners, L.P. (NYSE:BPL) traded 0.00% even at $68.16. BPL’s 50-day average is $71.05 and its two hundred day moving average is $70.03. The last close is down 2.67% from the two hundred day moving average, compared to the S&P 500 which has decreased -0.01% over the same period. Volume of trade was was up over the average, with 461,245 shares of BPL changing hands over the typical 437,488 shares..

Buckeye Partners, L.P. (NYSE:BPL) had its estimated target price bumped up to $78 by Goldman Sachs Group Inc. in a report announced 9/19/2016. The new target price implies a possible upside of 0.14% based on the company’s most recent stock close price.

Performance Chart:

Buckeye Partners, L.P. (NYSE:BPL)

Also covering Buckeye Partners, L.P.’s target price, a total of 11 brokerages have issued a research note on BPL. The 12-month target stock price is $74.91 with five firms rating the stock a strong buy, two firms rating the company a buy, six firms rating the stock a hold, 0 rating the company to underperform, and lastly 0 firms rating the stock as sell.

With a market capitalization of $0.0, Buckeye Partners, L.P. has a P/E of 18 with a one-year low of $47.07 and a one-year high of $75.10.

General Company Details For Buckeye Partners, L.P. (NYSE:BPL)

Buckeye Partners, L.P. (Buckeye) owns and operates a network of integrated assets providing midstream logistic solutions, primarily consisting of the transportation, storage and marketing of liquid petroleum products. The Company operates through three segments: Domestic Pipelines & Terminals, Global Marine Terminals and Merchant Services. It is also an independent terminalling and storage operator in the United States in terms of capacity available for service. The Company’s terminal network comprises approximately 120 liquid petroleum products terminals with aggregate storage capacity of over 110 million barrels across its portfolio of pipelines, inland terminals and marine terminals located primarily in the East Coast and Gulf Coast regions of the United States and in the Caribbean. The Company’s marine terminal in The Bahamas, and Bahamas Oil Refining Company International Limited (BORCO) provides an array of logistics and blending services for petroleum products.

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