Short Term Price Target on Columbia Pipeline Group (CPGX)

Columbia Pipeline Group (NYSE:CPGX) : The most positive equity analysts on Columbia Pipeline Group (NYSE:CPGX) expects the shares to touch $26, whereas, the least positive believes that the stock will trade at $25 in the short term. The company is covered by 4 Wall Street Brokerage Firms. The average price target for shares are $25.38 with an expected fluctuation of $0.25 from the mean.

Shares of Columbia Pipeline Group, Inc. appreciated by 0.04% during the last five trading days but lost 0.16% on a 4-week basis. Columbia Pipeline Group, Inc. is up 2.16% in the last 3-month period. Year-to-Date the stock performance stands at 29.02%. Also, BMO Capital initiates coverage on Columbia Pipeline Group (NYSE:CPGX). BMO Capital has a Market Perform rating on the shares. The rating by the firm was issued on April 19, 2016.

Columbia Pipeline Group (NYSE:CPGX) : Zacks Investment Research ranks Columbia Pipeline Group (NYSE:CPGX) as 2, which is a Buy recommendation. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 3.29, which indicates as a Hold.

Columbia Pipeline Group (NYSE:CPGX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.49 and $25.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.49, notching a gain of 0.04% for the day. The total traded volume was 18,407,554 . The stock had closed at $25.48 on the previous day.

In an insider trading activity, 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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