Jefferies Sticks to Its Buy Rating for South Bow Corp (SOBO)
In a report released today, Sam Burwell from Jefferies maintained a Buy rating on South Bow Corp, with a price target of C$50.00.
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According to TipRanks, Burwell is a 5-star analyst with an average return of 16.9% and a 68.94% success rate. Burwell covers the Energy sector, focusing on stocks such as Enbridge, Pembina Pipeline, and Whitecap Resources.
The word on The Street in general, suggests a Hold analyst consensus rating for South Bow Corp with a C$41.94 average price target.
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 28 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
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