Northern Blizzard Resources Inc. (NBZ) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Northern Blizzard Resources Inc. (TSE:NBZ) have been assigned a consensus recommendation of “Hold” from the seven research firms that are covering the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$4.42.
Several equities analysts have recently issued reports on NBZ shares. BMO Capital Markets reissued an “underperform” rating and issued a C$4.00 price objective on shares of Northern Blizzard Resources in a report on Friday, September 9th. TD Securities decreased their price objective on Northern Blizzard Resources from C$6.50 to C$6.00 and set a “buy” rating for the company in a report on Friday, August 12th. CIBC decreased their price objective on Northern Blizzard Resources from C$5.00 to C$4.50 in a report on Wednesday, October 19th. Scotiabank reissued a “sector perform” rating and issued a C$4.75 price objective on shares of Northern Blizzard Resources in a report on Tuesday, November 15th. Finally, RBC Capital Markets cut their price target on Northern Blizzard Resources from C$5.00 to C$4.50 in a research note on Thursday, October 13th.
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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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