Analysts at Stifel Maintained their Past ‘”Hold”’ rating on Shares Global Partners (GLP), Set a $20.0 Price Objective

August 10, 2018 - By Tina Thibodeau

Global Partners LP (NYSE:GLP) Logo

Investors sentiment decreased to 0.62 in 2018 Q1. Its down 0.82, from 1.44 in 2017Q4. It dropped, as 5 investors sold Global Partners LP shares while 16 reduced holdings. 6 funds opened positions while 7 raised stakes. 13.89 million shares or 1.45% more from 13.69 million shares in 2017Q4 were reported.

Moors Cabot holds 0.02% or 11,388 shares. Royal Financial Bank Of Canada reported 286,662 shares stake. Peak6 Investments Lp stated it has 0% in Global Partners LP (NYSE:GLP). Northwestern Mutual Wealth Company accumulated 62 shares or 0% of the stock. Hightower Advisors Llc holds 17,660 shares. Geode Capital Limited Liability Company has 0% invested in Global Partners LP (NYSE:GLP). Advisory Rech stated it has 0.07% in Global Partners LP (NYSE:GLP). Fort Point Prtn Limited Liability reported 0.06% in Global Partners LP (NYSE:GLP). Metropolitan Life Insur Company New York stated it has 0% in Global Partners LP (NYSE:GLP). Goldman Sachs has 1.03 million shares. Jpmorgan Chase Company stated it has 763 shares or 0% of all its holdings. Acadian Asset Ltd reported 0% in Global Partners LP (NYSE:GLP). Regions Corp stated it has 0% of its portfolio in Global Partners LP (NYSE:GLP). Bancshares Of Montreal Can invested 0% in Global Partners LP (NYSE:GLP). Citigroup holds 22,204 shares.

Global Partners (GLP) Rating Reaffirmed

Stifel now has a $20.0 target on the $674.26M market cap company or 2.56 % upside potential. In a report shared with investors and clients on Friday morning, Global Partners (GLP) shares have had their “Hold” Rating kept by professional analysts at Stifel.

The stock increased 2.05% or $0.4 during the last trading session, reaching $19.9. About 89,483 shares traded or 50.29% up from the average. Global Partners LP (GLP) has declined 8.76% since August 11, 2017 and is downtrending. It has underperformed by 21.33% the S&P500.

Global Partners LP, a midstream logistics and marketing company, distributes gasoline, distillates, residual oil, and renewable fuels to wholesalers, retailers, and commercial clients in the New England states and New York. The company has market cap of $674.26 million. It operates in three divisions: Wholesale, Gasoline Distribution and Station Operations, and Commercial. It has a 7.12 P/E ratio. The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks.

More notable recent Global Partners LP (NYSE:GLP) news were published by: Businesswire.com which released: “Global Partners LP Prices Public Offering of Series A Preferred Units” on July 31, 2018, also Twst.com with their article: “Global Partners LP: Global Partners Reports Second-Quarter 2018 Financial Results” published on August 09, 2018, Seekingalpha.com published: “Global Partners LP (GLP) CEO Eric Slifka on Q2 2018 Results – Earnings Call Transcript” on August 09, 2018. More interesting news about Global Partners LP (NYSE:GLP) were released by: Bizjournals.com and their article: “Mass. firms ban once-common question: ‘How much do you make?'” published on July 16, 2018 as well as Benzinga.com‘s news article titled: “Global Partners Q2 Earnings Outlook” with publication date: August 08, 2018.

Global Partners LP (NYSE:GLP) Institutional Positions Chart

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