Barclays Sticks to Its Hold Rating for Boardwalk Pipeline

In a report released yesterday, Christine Cho from Barclays maintained a Hold rating on Boardwalk Pipeline (NYSE: BWP), with a price target of $12. The company’s shares closed yesterday at $11.37.

According to TipRanks.com, Cho is a 2-star analyst with an average return of 0.7% and a 48.6% success rate. Cho covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, Spectra Energy Partners, and Valero Energy Partners.

Boardwalk Pipeline has an analyst consensus of Moderate Buy, with a price target consensus of $14.

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Boardwalk Pipeline’s market cap is currently $2.85B and has a P/E ratio of 9.80. The company has a book value ratio of 0.6144.

Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BWP in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Boardwalk Pipeline Partners LP is a partnership holding company, which engages in oil and gas pipeline systems and storage facilities. It gathers, processes, and transports natural gas and natural gas liquids. The company was founded on August 4, 2005 and is headquartered in Houston, TX.