Northern Blizzard Resources Inc. (TSE:NBZ) had its price target lowered by Royal Bank Of Canada from C$5.00 to C$4.50 in a report published on Thursday, StockTargetPrices.com reports.
Other research analysts have also recently issued reports about the stock. RBC Capital Markets decreased their price objective on shares of Northern Blizzard Resources from C$5.00 to C$4.50 in a research note on Thursday. CIBC began 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. TD Securities decreased their price objective 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, BMO Capital Markets reissued an underperform rating and issued a C$4.00 price objective on shares of Northern Blizzard Resources in a research note on Friday, September 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Northern Blizzard Resources has a consensus rating of Hold and a consensus price target of C$4.96.
Northern Blizzard Resources (TSE:NBZ) traded down 1.64% on Thursday, hitting $3.59. The stock had a trading volume of 30,265 shares. Northern Blizzard Resources has a 1-year low of $2.76 and a 1-year high of $5.74. The company’s 50 day moving average is $3.81 and its 200-day moving average is $4.25. The firm’s market capitalization is $426.22 million.
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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