Scotiabank Reaffirms Their Hold Rating on South Bow Corp (SOBO)
In a report released yesterday, Robert Hope from Scotiabank maintained a Hold rating on South Bow Corp, with a price target of $34.00. The company’s shares closed yesterday at C$45.47.
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Hope covers the Utilities sector, focusing on stocks such as Brookfield Infrastructure, Brookfield Renewable Partners, and ATCO Ltd Cl I NV. According to TipRanks, Hope has an average return of 12.6% and a 69.97% success rate on recommended stocks.
In addition to Scotiabank, South Bow Corp also received a Hold from BMO Capital’s Benjamin Pham in a report issued yesterday. However, on March 5, Jefferies maintained a Buy rating on South Bow Corp (TSX: SOBO).
Based on South Bow Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$461 million and a net profit of C$93 million. In comparison, last year the company earned a revenue of C$538.83 million and had a net profit of C$82 million
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SOBO in relation to earlier this year.
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- South Bow price target raised to $33 from $28 at CIBC
- South Bow price target raised to $34 from $30 at Scotiabank
- South Bow price target raised to C$44 from C$40 at BMO Capital
- South Bow Corp: Buy Rating Backed by Strong Q4 Results and Early Upside from Prairie Connector Project
- South Bow Posts Solid 2025 Results, Brings Blackrod Project Online and Maintains Dividend
