Scotiabank Reiterates Sector Perform Rating for Northern Blizzard Resources Inc. (NBZ)
Northern Blizzard Resources Inc. (TSE:NBZ)‘s stock had its “sector perform” rating restated by investment analysts at Scotiabank in a report issued on Tuesday. They currently have a C$4.75 price target on the oil and gas exploration company’s stock. Scotiabank’s price objective indicates a potential upside of 27.35% from the stock’s current price.
A number of other equities analysts have also recently weighed in on the stock. BMO Capital Markets reissued an “underperform” rating and issued a C$4.00 price objective on shares of Northern Blizzard Resources in a research report on Friday, September 9th. TD Securities reduced 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 research report on Friday, August 12th. CIBC reduced their price target on shares of Northern Blizzard Resources from C$5.00 to C$4.50 in a research report on Wednesday, October 19th. RBC Capital Markets reduced their price target on shares of Northern Blizzard Resources from C$5.00 to C$4.50 in a research report on Thursday, October 13th. Finally, Royal Bank Of Canada reduced their price target on shares of Northern Blizzard Resources from C$5.00 to C$4.50 in a research report on Thursday, October 13th. One research 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. Northern Blizzard Resources currently has an average rating of “Hold” and an average price target of C$4.50.
Shares of Northern Blizzard Resources (TSE:NBZ) opened at 3.73 on Tuesday. Northern Blizzard Resources has a one year low of $2.76 and a one year high of $4.99. The firm has a 50-day moving average price of $3.52 and a 200-day moving average price of $4.15. The stock’s market cap is $452.98 million.
ILLEGAL ACTIVITY NOTICE: This piece was originally published by Financial Market News and is owned by of Financial Market News. If you are viewing this piece on another website, it was illegally copied and reposted in violation of international copyright legislation. The legal version of this piece can be read at http://www.financial-market-news.com/scotiabank-reiterates-sector-perform-rating-for-northern-blizzard-resources-inc-nbz/1211569/.
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.
Receive News & Ratings for Northern Blizzard Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Blizzard Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.