Northern Blizzard Resources Inc. (TSE:NBZ) Receives Average Rating of “Hold” from Brokerages
Northern Blizzard Resources Inc. (TSE:NBZ) has been assigned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$5.15.
NBZ has been the subject of a number of research reports. TD Securities reduced their price objective on Northern Blizzard Resources from C$6.50 to C$6.00 and set a “buy” rating for the company in a research report on Friday, August 12th. CIBC initiated coverage on Northern Blizzard Resources in a research report on Wednesday, June 15th. They issued a “sector perform” rating and a C$5.00 price objective for the company. Scotiabank reiterated a “sector perform” rating and issued a C$5.75 price objective on shares of Northern Blizzard Resources in a research report on Thursday, June 9th. Royal Bank Of Canada raised their price objective on Northern Blizzard Resources from C$4.50 to C$5.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 9th. Finally, BMO Capital Markets reiterated an “underperform” rating and issued a C$4.00 price objective on shares of Northern Blizzard Resources in a research report on Friday, September 9th.
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Shares of Northern Blizzard Resources (TSE:NBZ) traded up 0.28% on Wednesday, reaching $3.58. The company’s stock had a trading volume of 164,077 shares. Northern Blizzard Resources has a 52 week low of $2.76 and a 52 week high of $5.82. The stock has a 50-day moving average of $4.24 and a 200 day moving average of $4.33. The stock’s market capitalization is $425.04 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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