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South Bow Corp (SOBO) Receives a Buy from RBC Capital

Tipranks - Tue Apr 28, 9:00PM CDT

In a report released yesterday, Maurice Choy from RBC Capital maintained a Buy rating on South Bow Corp, with a price target of C$48.00.

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According to TipRanks, Choy is a 5-star analyst with an average return of 16.4% and a 78.80% success rate. Choy covers the Utilities sector, focusing on stocks such as Brookfield Infrastructure, TransAlta, and Fortis.

Currently, the analyst consensus on South Bow Corp is a Hold with an average price target of C$44.57.

Based on South Bow Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$419.35 million and a net profit of C$158.4 million. In comparison, last year the company earned a revenue of C$476.87 million and had a net profit of C$54.73 million

Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is neutral on the stock.

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