South Bow Co. (NYSE:SOBO) Receives Average Rating of “Hold” from Analysts

South Bow Co. (NYSE:SOBO) has been given a consensus recommendation of “Hold” by the nine ratings firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $25.00.

SOBO has been the subject of a number of research analyst reports. Cibc World Mkts upgraded shares of South Bow to a “hold” rating in a report on Friday, October 11th. TD Securities started coverage on shares of South Bow in a report on Wednesday, January 15th. They issued a “hold” rating for the company. Wells Fargo & Company downgraded South Bow from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 18th. CIBC upgraded South Bow from a “neutral” rating to an “outperform” rating and raised their price target for the company from $23.00 to $25.00 in a research report on Thursday, January 9th. Finally, Scotiabank upgraded shares of South Bow to a “hold” rating in a research report on Friday, December 27th.

South Bow Price Performance

NYSE:SOBO opened at $24.69 on Friday. South Bow has a 1 year low of $21.12 and a 1 year high of $27.30. The business has a fifty day simple moving average of $24.07.

Institutional Trading of South Bow

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wiser Advisor Group LLC purchased a new stake in South Bow during the 4th quarter worth about $27,000. Roxbury Financial LLC purchased a new stake in shares of South Bow during the fourth quarter worth about $29,000. Assetmark Inc. acquired a new position in shares of South Bow in the fourth quarter valued at approximately $33,000. Rhumbline Advisers purchased a new position in shares of South Bow during the fourth quarter valued at approximately $34,000. Finally, Manitou Investment Management Ltd. acquired a new stake in South Bow during the fourth quarter worth approximately $40,000.

South Bow Company Profile

South Bow Corp is a strategic liquids pipeline company. It is a new liquids-focused midstream infrastructure company. South Bow Corp is based in Canada.