Scotiabank Reiterates Sector Perform Rating for Northern Blizzard Resources Inc. (NBZ)
Northern Blizzard Resources Inc. (TSE:NBZ)‘s stock had its “sector perform” rating reissued by analysts at Scotiabank in a report released on Tuesday. They presently have a C$4.75 price objective on the oil and gas exploration company’s stock. Scotiabank’s price target suggests a potential upside of 27.35% from the stock’s current price.
A number of other analysts have also recently commented on the company. BMO Capital Markets reiterated an “underperform” rating and set a C$4.00 target price on shares of Northern Blizzard Resources in a research report on Friday, September 9th. TD Securities cut 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 research report on Friday, August 12th. CIBC cut their target price on Northern Blizzard Resources from C$5.00 to C$4.50 in a research report on Wednesday, October 19th. RBC Capital Markets dropped their price target on Northern Blizzard Resources from C$5.00 to C$4.50 in a research report on Thursday, October 13th. Finally, Royal Bank Of Canada dropped their price target on Northern Blizzard Resources from C$5.00 to C$4.50 in a research report on Thursday, October 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of C$4.50.
Northern Blizzard Resources (TSE:NBZ) opened at 3.73 on Tuesday. The firm’s market cap is $452.98 million. Northern Blizzard Resources has a one year low of $2.76 and a one year high of $4.99. The firm’s 50 day moving average price is $3.52 and its 200-day moving average price is $4.15.
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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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