South Bow Corp (SOBO) Receives a Hold from Scotiabank
In a report released today, Robert Hope from Scotiabank maintained a Hold rating on South Bow Corp, with a price target of $36.00.
Claim 55% Off TipRanks
- Unlock trusted, data-backed investing tools with TipRanks Premium, from analyst ratings and forecasts to breaking news and portfolio analysis.
- Discover high-conviction stock picks and new investing opportunities with the TipRanks Smart Investor Newsletter
According to TipRanks, Hope is a 5-star analyst with an average return of 13.0% and a 70.25% success rate. Hope covers the Utilities sector, focusing on stocks such as Hydro One, Brookfield Renewable Partners, and Northland Power.
In addition to Scotiabank, South Bow Corp also received a Hold from CIBC’s Robert Catellier in a report issued on May 26. However, on May 28, Jefferies maintained a Buy 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 20 insiders, corporate insider sentiment is neutral on the stock.
Read More on TSE:SOBO:
Disclaimer & DisclosureReport an Issue
- South Bow secures 20-year binding commitments for firm transportation service
- Analyst Raises South Bow Corp. Price Target to $42 but Maintains Sell on Limited Upside and Structural Headwinds
- South Bow price target raised to C$57 from C$53 at Jefferies
- South Bow price target raised to $36 from $33 at CIBC
- South Bow Corp Earnings Call Balances Strength, Risks
