Northern Blizzard Resources Inc. (NBZ) Stock Rating Reaffirmed by Scotiabank
Northern Blizzard Resources Inc. (TSE:NBZ)‘s stock had its “sector perform” rating reiterated by equities researchers at Scotiabank in a research report issued to clients and investors on Tuesday. They presently have a C$4.75 target price on the oil and gas exploration company’s stock. Scotiabank’s price objective points to a potential upside of 37.68% from the company’s current price.
Other research analysts have also recently issued research reports about the stock. TD Securities cut their price objective on shares of Northern Blizzard Resources from C$5.50 to C$5.00 and set a “buy” rating for the company in a report on Tuesday. RBC Capital Markets cut their price objective on shares of Northern Blizzard Resources from C$5.00 to C$4.50 in a report on Thursday, October 13th. CIBC cut their price objective on shares of Northern Blizzard Resources from C$5.00 to C$4.50 in a report on Wednesday, October 19th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a C$4.00 price objective (down previously from C$4.50) on shares of Northern Blizzard Resources in a report on Tuesday. Finally, BMO Capital Markets reaffirmed an “underperform” rating and issued a C$4.00 price objective on shares of Northern Blizzard Resources in a report on Friday, September 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Northern Blizzard Resources presently has an average 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. Northern Blizzard Resources has a 12 month low of $2.76 and a 12 month 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.
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.
Receive News & Stock Ratings for Northern Blizzard Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Blizzard Resources Inc. and related stocks with our FREE daily email newsletter.