Price Target Update on Columbia Pipeline Group (NYSE:CPGX)

Columbia Pipeline Group (NYSE:CPGX) has been rated by 4 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $26 and the lowest price target forecast is $25. The average forecast of all the analysts is $25.38 and the expected standard deviation is $0.25.

Other Equity analysts have also commented on the company shares. BMO Capital initiates coverage on Columbia Pipeline Group (NYSE:CPGX) . Analysts at the BMO Capital have a current rating of Market Perform on the shares. The rating by the firm was issued on April 19, 2016.

Columbia Pipeline Group (NYSE:CPGX): The stock was completely flat for the day, closing at $25.48 on Thursday. The flat closing masks the intraday volatility in the stock. After opening at $25.49, the stock touched an intraday high of $25.49 and a low of $25.47. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $25.48. The total trading volume on Thursday was 6,394,250.

On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer of Columbia Pipeline Group, Inc., Smith Robert Edgar had purchased shares worth of $58,300 in a transaction dated on September 11, 2015. A total of 2,500 shares were purchased at a price of $23.32 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Columbia Pipeline Group, Inc. (CPG) owns and operates natural gas pipelines, integrated with the underground storage systems in North America. The Company offers a range of services to local gas distribution companies and users of natural gas. The Companys systems connect the natural gas supplies with nations energy markets, serving customers in over 16 states from the Gulf Coast to the Midwest, Mid-Atlantic and Northeast. The Company provides approximately 1.3 trillion cubic feet of natural gas through its pipeline and storage systems each year, providing energy for millions of homes, businesses and industries. The Companys projects include Leach XPress Project, Modernization Program, Utica Access Project, East Side Expansion project, WB XPress Project, Cameron Access Project, Hanover Replacement Project, Tri-County Bare Steel Replacement Project, Line 1570 Project, E-Systems Project, Line MB Extension, East Side Expansion Project, Utica Access Project and Line WB2VA.

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