Northern Blizzard Resources Inc. (NBZ) Price Target Cut to C$5.00
Northern Blizzard Resources Inc. (TSE:NBZ) had its target price lowered by analysts at TD Securities from C$5.50 to C$5.00 in a research report issued to clients and investors on Tuesday. The brokerage currently has a “buy” rating on the oil and gas exploration company’s stock. TD Securities’ price objective would indicate a potential upside of 44.93% from the stock’s current price.
Several other research firms also recently weighed in on NBZ. BMO Capital Markets restated an “underperform” rating and set a C$4.00 target price on shares of Northern Blizzard Resources in a report on Friday, September 9th. RBC Capital Markets dropped their target price on shares of Northern Blizzard Resources from C$5.00 to C$4.50 in a report on Thursday, October 13th. Royal Bank Of Canada restated a “sector perform” rating and set a C$4.00 target price (down from C$4.50) on shares of Northern Blizzard Resources in a report on Tuesday. Finally, CIBC decreased their price target on shares of Northern Blizzard Resources from C$5.00 to C$4.50 in a research note on Wednesday, October 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of C$4.54.
Shares of Northern Blizzard Resources (TSE:NBZ) opened at 3.45 on Tuesday. The company’s 50-day moving average is $3.54 and its 200 day moving average is $4.15. Northern Blizzard Resources has a 52 week low of $2.76 and a 52 week high of $4.99. The stock’s market capitalization is $409.60 million.
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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