Time for Investors to Take the Plunge on The Blackstone Group L.P. (NYSE:BX)

Equity Research firms currently have a positive stance on shares of The Blackstone Group L.P. (NYSE:BX). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.00. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $32.23 on a short term basis.

At the time of writing, the stock was trading at $25.00. This represents a change from the opening price of -1.13%. In terms of performance, year to date, the stock is -9.77%. The monthly stock performance comes in at -6.46%. For the quarter, shares are performing at 9.78%. Weekly performance analysis shows the equity at -1.06%.

In taking a look at technical levels, shares are trading -6.75% away from the 50 day simple moving average and -4.43% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -24.59% away from it’s 52- week high and 17.39% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, The Blackstone Group L.P.’s RSI stands at 35.02. In looking at volatility levels, the shares saw weekly volatility of 2.24% and 2.07% over the past month.

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