Northern Blizzard Resources Inc. (NBZ) Rating Reiterated by Royal Bank Of Canada
Northern Blizzard Resources Inc. (TSE:NBZ)‘s stock had its “sector perform” rating reissued by Royal Bank Of Canada in a research note issued to investors on Tuesday. They presently have a C$4.00 target price on the oil and gas exploration company’s stock, down from their previous target price of C$4.50. Royal Bank Of Canada’s price objective points to a potential upside of 15.94% from the stock’s previous close.
A number of other equities research analysts have also recently weighed in on the stock. CIBC cut their price objective on shares of Northern Blizzard Resources from C$5.00 to C$4.50 in a research note on Wednesday, October 19th. RBC Capital Markets lowered their target price on Northern Blizzard Resources from C$5.00 to C$4.50 in a report on Thursday, October 13th. BMO Capital Markets reaffirmed an “underperform” rating and set a C$4.00 target price on shares of Northern Blizzard Resources in a report on Friday, September 9th. Finally, TD Securities lowered their target price 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of C$4.54.
Northern Blizzard Resources (TSE:NBZ) opened at 3.45 on Tuesday. Northern Blizzard Resources has a one year low of $2.76 and a one year high of $4.99. The stock’s market capitalization is $409.60 million. The stock’s 50 day moving average is $3.54 and its 200 day moving average is $4.15.
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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