The Blackstone Group Inc. – Consensus Says Potential -1.2% Drop

The Blackstone Group Inc. with ticker code (BX) now have 13 analysts covering the stock. Analyst consensus indicates a “Buy” rating. The range between the high target price and the low target price is between 102 and 77 and has an average target of 92.54. Now, with the previous closing price of 93.66, that would indicate there is a decline of -1.2%. There is a 50-day moving average of 90.13 while the 200-day moving average is 74.35. The company’s market capitalization is $ 67,843 million. Company website:

The Blackstone Group Inc. is an alternative asset management company specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt, and equity and multi-class strategies. of assets. The company generally invests in start-up companies. It also provides services in the capital markets. The real estate segment specializes in opportunistic, core + investments as well as leveraged investment opportunities secured by commercial real estate and income-oriented stabilized commercial real estate in North America, Europe and Asia. The company’s corporate private equity business pursues transactions around the world through a variety of transaction types including large buyouts, mid cap buyouts, buy and build platforms, which involves multiple acquisitions behind a single management team and a single platform, and growth / development projects involving significant minority investments in entirely new operating companies and development projects in the fields of energy and electricity, financial services, health, life sciences, business and consumer technologies, and consumer technologies. Its hedge fund business manages a wide range of blended and tailor-made fund solutions and its credit business focuses on lower quality corporate loans and securities spread across the capital structure, including senior debt, subordinated debt , preferred shares and common shares. The Blackstone Group Inc. was founded in 1985 and is headquartered in New York, New York, with additional offices in Asia, Europe and North America.

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