Northern Blizzard Resources Inc. (NBZ) PT Lowered to C$4.50 at Royal Bank Of Canada
Northern Blizzard Resources Inc. (TSE:NBZ) had its target price decreased by equities researchers at Royal Bank Of Canada from C$5.00 to C$4.50 in a research note issued to investors on Thursday, StockTargetPrices.com reports. Royal Bank Of Canada’s price objective would indicate a potential upside of 23.29% from the company’s previous close.
NBZ has been the subject of a number of other research reports. TD Securities cut their target price on shares of 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 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 for the company. RBC Capital Markets cut their target price on shares of Northern Blizzard Resources from C$5.00 to C$4.50 in a research report on Thursday. Finally, BMO Capital Markets reiterated 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 stock. The stock has a consensus 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, reaching $3.65. 88,822 shares of the company’s stock were exchanged. The company’s 50-day moving average is $3.83 and its 200-day moving average is $4.25. Northern Blizzard Resources has a 1-year low of $2.76 and a 1-year high of $5.74. The company’s market capitalization is $433.35 million.
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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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