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Vetr Inc. announced Blackstone Group LP (NYSE:BX), boosting its stock price target to $29.22 today

Vetr Inc. raised the estimated target of Blackstone Group LP (NYSE:BX) to $29, indicating a possible upside of 0.13%.

On 8/31/2016, Vetr Inc. released a statement about Blackstone Group LP(NYSE:BX) bumped the target price from $0.00 to $29.72. At the time, this indicated a possible upside of 0.08%.

Yesterday Blackstone Group LP (NYSE:BX) traded 0.78% higher at $25.78. BX’s 50-day moving average is $27.24 and its 200-day moving average is $26.76. With the last stock close down 3.62% from the two hundred day average, compared to the S&P 500 Index which has fallen -0.01% over the date range. Volume of trade was was down over the average, with 2,888,962 shares of BX changing hands under the typical 4,089,210 shares..

Recent Performance Graph:

Blackstone Group LP (NYSE:BX)

Blackstone Group LP has a P/E of 54 with a one-year low of $22.31 and a 52 week high of $36.04 and has a total market value of $0.0.

A total of 14 brokerages have issued a ratings update on the company. Five firms rate the company a strong buy, eight firms rate the company a buy, four analyts rate the stock a hold, 0 rate the stock to underperform, and lastly 0 analystsrate the company as sell with a one year target price of $32.64

More About Blackstone Group LP (NYSE:BX)

The Blackstone Group L.P. (Blackstone) is a global alternative asset manager. The Company’s alternative asset management businesses include investment vehicles focused on private equity, real estate, hedge fund solutions, non-investment grade credit, secondary funds and other multi-asset class strategies. Its segments include Private Equity, Real Estate, Hedge Fund Solutions and Credit. Its Private Equity segment focuses on identifying, managing and creating lasting value for its investors. Its Private Equity segment includes corporate private equity funds, tactical opportunities, strategic partners and Blackstone Total Alternatives Solution (BTAS). Its Real Estate segment manages various global, European and Asian focused opportunistic real estate funds, and several real estate debt investment funds and core and real estate investments. Its Hedge Fund Solutions group comprises Blackstone Alternative Asset Management. Its Credit segment consists of GSO Capital Partners LP (GSO).

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