Northern Blizzard Resources Inc. (TSE:NBZ) had its price objective dropped by stock analysts at RBC Capital Markets from C$5.00 to C$4.50 in a research report issued to clients and investors on Thursday. RBC Capital Markets’ price objective indicates a potential upside of 27.12% from the stock’s current price.

NBZ has been the topic of several other research reports. BMO Capital Markets restated an “underperform” rating and set a C$4.00 target price on shares of Northern Blizzard Resources in a research note on Friday, September 9th. TD Securities lowered 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 note on Friday, August 12th. Finally, CIBC assumed coverage on shares of Northern Blizzard Resources in a research note on Wednesday, June 15th. They issued a “sector perform” rating and a C$5.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of C$5.04.

Analyst Recommendations for Northern Blizzard Resources (TSE:NBZ)

Shares of Northern Blizzard Resources (TSE:NBZ) traded up 1.41% during mid-day trading on Thursday, hitting $3.59. 46,951 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 stock’s market capitalization is $426.22 million. The stock’s 50-day moving average is $3.83 and its 200-day moving average is $4.25.

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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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