Northern Blizzard Resources Inc. (NBZ) Stock Rating Reaffirmed by TD Securities
Northern Blizzard Resources Inc. (TSE:NBZ)‘s stock had its “buy” rating restated by stock analysts at TD Securities in a report issued on Tuesday. They presently have a C$5.00 price objective on the oil and gas exploration company’s stock. TD Securities’ target price indicates a potential upside of 34.05% from the company’s current price.
NBZ has been the subject of several other reports. Royal Bank Of Canada lowered their target price on Northern Blizzard Resources from C$5.00 to C$4.50 in a report on Thursday, October 13th. CIBC reduced their price target on Northern Blizzard Resources from C$5.00 to C$4.50 in a research report on Wednesday, October 19th. Scotiabank reissued a “sector perform” rating and issued a C$4.75 price target on shares of Northern Blizzard Resources in a research report on Tuesday. BMO Capital Markets reissued an “underperform” rating and issued a C$3.75 price target on shares of Northern Blizzard Resources in a research report on Tuesday. Finally, RBC Capital Markets reduced their price target on Northern Blizzard Resources from C$5.00 to C$4.50 in a research report on Thursday, October 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of C$4.50.
Northern Blizzard Resources (TSE:NBZ) opened at 3.73 on Tuesday. Northern Blizzard Resources has a 12 month low of $2.76 and a 12 month high of $4.99. The stock’s market capitalization is $452.98 million. The firm has a 50-day moving average price of $3.52 and a 200 day moving average price of $4.15.
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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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