Northern Blizzard Resources Inc. (NBZ) Price Target Cut to C$4.50 by Analysts at Royal Bank Of Canada
Northern Blizzard Resources Inc. (TSE:NBZ) had its target price reduced by research analysts at Royal Bank Of Canada from C$5.00 to C$4.50 in a research report issued to clients and investors on Thursday, StockTargetPrices.com reports. Royal Bank Of Canada’s price objective would suggest a potential upside of 23.29% from the stock’s previous close.
Other analysts have also issued reports about the stock. RBC Capital Markets dropped their price target on shares of Northern Blizzard Resources from C$5.00 to C$4.50 in a research report on Thursday. TD Securities dropped their price target on shares of 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 assumed coverage on shares of Northern Blizzard Resources in a report on Wednesday, June 15th. They issued a “sector perform” rating and a C$5.00 price objective on the stock. Finally, BMO Capital Markets reiterated 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 assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of C$4.96.
Northern Blizzard Resources (TSE:NBZ) traded up 3.11% during trading on Thursday, hitting $3.65. 88,822 shares of the stock were exchanged. Northern Blizzard Resources has a 52 week low of $2.76 and a 52 week high of $5.74. The firm has a 50-day moving average of $3.83 and a 200-day moving average of $4.25. The stock’s market capitalization is $433.35 million.
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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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