Columbia Pipeline Partners (NYSE:CPPL) target price reduced to $15.75, released a ratings update earlier today by UBS
- Updated: October 4, 2016
Having a price of $16.13, Columbia Pipeline Partners (NYSE:CPPL) traded -0.06% lower on the day. The last stock price is up 10.88% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. CPPL has recorded a 50-day average of $14.50 and a two hundred day average of $14.55. Trade Volume was up over the average, with 2,576,362 shares of CPPL changing hands over the typical 557,625
Stating a possible downside of -0.02%, UBS dropped the price target of Columbia Pipeline Partners (NYSE:CPPL) to $15.75
Columbia Pipeline Partners has 52 week low of $11.77 and a 52 week high of $19.49 with a price-earnings ratio of 18.06 and has a total market value of $0.
A total of 12 brokers have issued a report on the company. zero firms rating the stock a strong buy, 0 analysts rating the company a buy, 0 brokers rating the stock a hold, zero brokerages rating the company a underperform, and finally 0 firms rating the stock a sell with a average stock price target of $18.71.
Brief Synopsis On Columbia Pipeline Partners (NYSE:CPPL)
Columbia Pipeline Partners LP (the Partnership) is a limited partnership company operating a portfolio of pipelines, storage and related midstream assets. It is engaged in interstate gas transportation and storage services for local distribution companies (LDCs), marketers and industrial and commercial customers located in northeastern, mid-Atlantic, Midwestern and southern states, and the District of Columbia along with unregulated businesses that include midstream services, including gathering, treating, conditioning, processing, compression and liquids handling, and development of mineral rights positions. The Company owns, operates and develops a portfolio of pipelines, storage and related midstream assets. The Company has a general partner interest in CPG OpCo LP (Columbia OpCo), as well as a limited partner interest in Columbia OpCo, a limited partnership that owns the natural gas transmission and storage assets of Columbia Energy Group (CEG).
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