Northern Blizzard Resources Inc. (NBZ) Price Target Lowered to C$4.50 at RBC Capital Markets

Northern Blizzard Resources Inc. (TSE:NBZ) had its price target lowered by RBC Capital Markets from C$5.00 to C$4.50 in a report released on Thursday morning.

NBZ has been the topic of a number of other research reports. BMO Capital Markets reiterated an underperform rating and set a C$4.00 price target on shares of Northern Blizzard Resources in a report on Friday, September 9th. TD Securities cut their price target on shares of Northern Blizzard Resources from C$6.50 to C$6.00 and set a buy rating on the stock in a report on Friday, August 12th. Finally, CIBC began coverage on shares of Northern Blizzard Resources in a report on Wednesday, June 15th. They set a sector perform rating and a C$5.00 price target on the stock. One research 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. Northern Blizzard Resources has an average rating of Hold and an average price target of C$4.96.

Northern Blizzard Resources (TSE:NBZ) traded down 1.64% during trading on Thursday, hitting $3.59. 30,265 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 firm’s market cap is $426.22 million. The firm’s 50-day moving average is $3.81 and its 200 day moving average is $4.25.

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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