South Bow Co. (NYSE:SOBO) Receives $25.00 Consensus Target Price from Analysts

South Bow Co. (NYSE:SOBO) has been assigned an average rating of “Hold” from the nine analysts that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, one has issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $25.00.

A number of analysts have recently weighed in on SOBO shares. Wells Fargo & Company lowered South Bow from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 18th. CIBC raised South Bow from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $23.00 to $25.00 in a research note on Thursday, January 9th. TD Securities began coverage on shares of South Bow in a research note on Wednesday, January 15th. They set a “hold” rating for the company. Scotiabank raised shares of South Bow to a “hold” rating in a report on Friday, December 27th. Finally, US Capital Advisors raised South Bow to a “strong-buy” rating in a research note on Monday, October 28th.

South Bow Price Performance

NYSE SOBO opened at $24.79 on Friday. The business’s 50 day moving average price is $24.05. South Bow has a 1-year low of $21.12 and a 1-year high of $27.30.

Institutional Investors Weigh In On South Bow

Large investors have recently bought and sold shares of the company. Wiser Advisor Group LLC bought a new position in shares of South Bow during the fourth quarter worth $27,000. Roxbury Financial LLC acquired a new stake in South Bow during the 4th quarter worth $29,000. Assetmark Inc. bought a new position in South Bow during the fourth quarter worth about $33,000. Rhumbline Advisers acquired a new position in South Bow in the fourth quarter valued at about $34,000. Finally, Manitou Investment Management Ltd. bought a new stake in shares of South Bow in the fourth quarter worth about $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.