K.J. Harrison & Partners Inc purchased a new stake in shares of South Bow Co. (NYSE:SOBO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 16,200 shares of the company's stock, valued at approximately $389,000.
Other large investors have also added to or reduced their stakes in the company. Roxbury Financial LLC purchased a new position in South Bow in the fourth quarter worth about $29,000. Rhumbline Advisers bought a new stake in South Bow in the fourth quarter worth $34,000. Manitou Investment Management Ltd. purchased a new position in South Bow during the fourth quarter worth $40,000. Canal Insurance CO bought a new position in South Bow during the fourth quarter valued at $47,000. Finally, CENTRAL TRUST Co bought a new position in South Bow during the fourth quarter valued at $48,000.
Analysts Set New Price Targets
SOBO has been the subject of several analyst reports. Wells Fargo & Company lowered shares of South Bow from a "hold" rating to a "strong sell" rating in a report on Wednesday, December 18th. CIBC upgraded South Bow from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $23.00 to $25.00 in a research report on Thursday, January 9th. Tudor Pickering raised South Bow to a "strong-buy" rating in a research note on Tuesday, November 19th. Scotiabank raised their price target on South Bow from $24.00 to $26.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 13th. Finally, TD Securities initiated coverage on South Bow in a research report on Wednesday, January 15th. They set a "hold" rating for the company. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, South Bow has an average rating of "Hold" and a consensus target price of $25.50.
View Our Latest Stock Analysis on SOBO
South Bow Stock Down 0.9 %
Shares of SOBO stock traded down $0.24 during mid-day trading on Monday, hitting $26.40. The stock had a trading volume of 921,745 shares, compared to its average volume of 669,143. South Bow Co. has a 12-month low of $21.12 and a 12-month high of $27.30. The stock has a 50-day moving average of $24.39. The firm has a market capitalization of $5.49 billion and a price-to-earnings ratio of 14.27.
South Bow Profile
(
Free Report)
South Bow Corp is a strategic liquids pipeline company. It is a new liquids-focused midstream infrastructure company. South Bow Corp is based in Canada.
Further Reading
Before you consider South Bow, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and South Bow wasn't on the list.
While South Bow currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
