RBC Capital Sticks to Their Buy Rating for South Bow Corp (SOBO)
In a report released yesterday, Maurice Choy from RBC Capital maintained a Buy rating on South Bow Corp, with a price target of C$49.00.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
According to TipRanks, Choy is a 5-star analyst with an average return of 16.5% and an 80.43% success rate. Choy covers the Utilities sector, focusing on stocks such as TransAlta, Fortis, and Emera.
In addition to RBC Capital, South Bow Corp also received a Buy from Jefferies’s Lloyd Byrne in a report issued on May 7. However, on May 8, ATB Cormark Capital Markets reiterated a Hold rating on South Bow Corp (TSX: SOBO).
Based on South Bow Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$416.07 million and a net profit of C$75.74 million. In comparison, last year the company earned a revenue of C$716.55 million and had a net profit of C$88 million
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is neutral on the stock.
Read More on TSE:SOBO:
Disclaimer & DisclosureReport an Issue
- South Bow price target raised to C$47 from C$44 at TD Securities
- South Bow price target raised to $36 from $34 at Scotiabank
- South Bow price target raised to C$49 from C$45 at BMO Capital
- Lloyd Byrne Reiterates Buy on South Bow Corp as Strong Pipeline Performance and Stable EBITDA Support Medium‑Term Cash Flow Visibility
- South Bow price target raised to C$44 from C$43 at TD Securities
