DORCHESTER WEALTH MANAGEMENT Co Invests $511,000 in South Bow Co. (NYSE:SOBO)

DORCHESTER WEALTH MANAGEMENT Co purchased a new position in shares of South Bow Co. (NYSE:SOBO) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 22,422 shares of the company’s stock, valued at approximately $511,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Roxbury Financial LLC acquired a new position in shares of South Bow during the 4th quarter worth $29,000. Rhumbline Advisers acquired a new position in shares of South Bow during the 4th quarter worth $34,000. Manitou Investment Management Ltd. acquired a new position in South Bow in the 4th quarter valued at about $40,000. Canal Insurance CO acquired a new position in South Bow in the 4th quarter valued at about $47,000. Finally, CENTRAL TRUST Co acquired a new position in South Bow in the 4th quarter valued at about $48,000.

South Bow Price Performance

SOBO opened at $25.44 on Friday. The company has a 50-day simple moving average of $24.11. South Bow Co. has a 12 month low of $21.12 and a 12 month high of $27.30.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. CIBC raised shares of 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 note on Thursday, January 9th. TD Securities assumed coverage on shares of South Bow in a research note on Wednesday, January 15th. They issued a “hold” rating for the company. Scotiabank boosted their target price on shares of South Bow from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. US Capital Advisors raised shares of South Bow to a “strong-buy” rating in a research note on Monday, October 28th. Finally, Tudor Pickering upgraded South Bow to a “strong-buy” rating in a report on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, South Bow currently has an average rating of “Hold” and a consensus price target of $25.50.

South Bow Company Profile

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.