Northern Blizzard Resources Inc. (TSE:NBZ) had its target price reduced by Royal Bank Of Canada from C$5.00 to C$4.50 in a research report released on Thursday morning.

Several other research analysts also recently issued reports on the company. RBC Capital Markets reduced their price objective on Northern Blizzard Resources from C$5.00 to C$4.50 in a report on Thursday. BMO Capital Markets reaffirmed an underperform rating and set a C$4.00 price objective on shares of Northern Blizzard Resources in a report on Friday, September 9th. TD Securities reduced their price objective on Northern Blizzard Resources from C$6.50 to C$6.00 and set a buy rating on the stock in a report on Friday, August 12th. Finally, CIBC assumed coverage on Northern Blizzard Resources in a research note on Wednesday, June 15th. They issued a sector perform rating and a C$5.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of C$4.96.

Northern Blizzard Resources (TSE:NBZ) traded down 1.64% during mid-day trading on Thursday, reaching $3.59. The company had a trading volume of 30,265 shares. Northern Blizzard Resources has a 12 month low of $2.76 and a 12 month high of $5.74. The stock’s market cap is $426.22 million. The firm’s 50-day moving average price is $3.81 and its 200-day moving average price is $4.25.

Northern Blizzard Resources Company Profile

Northern Blizzard Resources Inc is a Canada-based crude oil production and development company focused on maximizing oil recovery from its heavy oil resource base. The Company is engaged in the exploration for and the acquisition, development and production of petroleum and natural gas reserves in western Canada.

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