Northern Blizzard Resources Inc (NBZ) Given New C$4.00 Price Target at Scotiabank
Northern Blizzard Resources Inc (TSE:NBZ) had its target price hoisted by Scotiabank from C$3.50 to C$4.00 in a report issued on Friday. The firm presently has an “underperform” rating on the oil and gas exploration company’s stock. Scotiabank’s price objective indicates a potential upside of 17.30% from the company’s current price.
Separately, TD Securities lowered their target price on shares of Northern Blizzard Resources from C$5.00 to C$4.50 and set a “buy” rating on the stock in a research note on Monday, March 13th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Northern Blizzard Resources currently has a consensus rating of “Hold” and a consensus price target of C$4.35.
Northern Blizzard Resources (TSE:NBZ) traded up 4.40% on Friday, reaching $3.56. 106,794 shares of the company’s stock traded hands. The company’s market cap is $358.88 million. Northern Blizzard Resources has a 12 month low of $3.01 and a 12 month high of $4.99. The firm’s 50 day moving average price is $3.39 and its 200 day moving average price is $3.56.
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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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