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

Shares of South Bow Co. (NYSE:SOBO) have been assigned a consensus rating of “Hold” from the nine brokerages that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $25.50.

A number of research firms have weighed in on SOBO. TD Securities began coverage on shares of South Bow in a research note on Wednesday, January 15th. They set a “hold” rating on the stock. Scotiabank boosted their target price on shares of South Bow from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Thursday. US Capital Advisors upgraded South Bow to a “strong-buy” rating in a research note on Monday, October 28th. Tudor Pickering raised shares of South Bow to a “strong-buy” rating in a research report on Tuesday, November 19th. Finally, CIBC raised South Bow from a “neutral” rating to an “outperform” rating and upped their price target for the company from $23.00 to $25.00 in a research report on Thursday, January 9th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Hennessy Advisors Inc. acquired a new position in shares of South Bow during the fourth quarter valued at $276,000. Nexus Investment Management ULC acquired a new stake in shares of South Bow during the fourth quarter worth $2,810,000. MassMutual Private Wealth & Trust FSB purchased a new stake in South Bow during the fourth quarter valued at about $213,000. Viking Fund Management LLC purchased a new stake in shares of South Bow in the 4th quarter valued at approximately $740,000. Finally, Mutual Advisors LLC acquired a new stake in shares of South Bow in the fourth quarter worth $517,000.

South Bow Stock Down 1.1 %

South Bow stock opened at $24.84 on Friday. South Bow has a 52 week low of $21.12 and a 52 week high of $27.30. The firm has a fifty day simple moving average of $24.03.

About South Bow

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.