Northern Blizzard Resources Inc. (NBZ) PT Lowered to C$4.50
Northern Blizzard Resources Inc. (TSE:NBZ) had its price target reduced by RBC Capital Markets from C$5.00 to C$4.50 in a report issued on Thursday. RBC Capital Markets’ target price points to a potential upside of 23.29% from the stock’s current price.
NBZ has been the topic of a number of other reports. CIBC began coverage on shares of Northern Blizzard Resources in a research report on Wednesday, June 15th. They issued a “sector perform” rating and a C$5.00 target price on the stock. TD Securities dropped their target price 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. Finally, BMO Capital Markets reaffirmed an “underperform” rating and issued a C$4.00 target price on shares of Northern Blizzard Resources in a research report on Friday, September 9th. One investment 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 company currently has an average rating of “Hold” and an average target price of C$4.96.
Northern Blizzard Resources (TSE:NBZ) traded up 3.11% on Thursday, reaching $3.65. 88,822 shares of the company were exchanged. The stock’s market capitalization is $433.35 million. Northern Blizzard Resources has a 52 week low of $2.76 and a 52 week high of $5.74. The stock has a 50-day moving average price of $3.83 and a 200 day moving average price of $4.25.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/13/northern-blizzard-resources-inc-nbz-pt-lowered-to-c4-50-2.html
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.
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.