Northern Blizzard Resources Inc. (TSE:NBZ) had its target price lowered by analysts at CIBC from C$5.00 to C$4.50 in a research report issued to clients and investors on Wednesday. CIBC’s price target would indicate a potential upside of 21.29% from the stock’s previous close.

Several other research analysts also recently commented on the company. BMO Capital Markets reissued an “underperform” rating and set a C$4.00 target price on shares of Northern Blizzard Resources in a research note on Friday, September 9th. TD Securities lowered their target price on Northern Blizzard Resources from C$6.50 to C$6.00 and set a “buy” rating for the company in a research note on Friday, August 12th. RBC Capital Markets lowered their target price on Northern Blizzard Resources from C$5.00 to C$4.50 in a research note on Thursday, October 13th. Finally, Royal Bank Of Canada lowered their target price on Northern Blizzard Resources from C$5.00 to C$4.50 in a research note on Thursday, October 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of C$4.89.

Analyst Recommendations for Northern Blizzard Resources (TSE:NBZ)

Northern Blizzard Resources (TSE:NBZ) traded up 2.77% on Wednesday, reaching $3.71. 236,782 shares of the company traded hands. The firm has a 50 day moving average of $3.76 and a 200-day moving average of $4.24. The stock’s market capitalization is $440.47 million. Northern Blizzard Resources has a one year low of $2.76 and a one year high of $5.74.

About Northern Blizzard Resources

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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