Trade Report: Today: Northern Blizzard Resources Inc. (NBZ) PT Lowered to C$4.50

Today: Northern Blizzard Resources Inc. (NBZ) PT Lowered to C$4.50

Northern Blizzard Resources Inc. (TSE:NBZ) had its price target decreased by equities researchers at RBC Capital Markets from C$5.00 to C$4.50 in a research report issued to clients and investors on Thursday. RBC Capital Markets’ price target suggests a potential upside of 21.29% from the company’s previous close.

A number of other research analysts have also recently issued reports on the company. BMO Capital Markets reiterated an “underperform” rating and issued a C$4.00 target price on shares of Northern Blizzard Resources in a research report on Friday, September 9th. TD Securities reduced their price target on 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 initiated coverage on 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 equities 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 stock. Northern Blizzard Resources currently has an average rating of “Hold” and a consensus price target of C$4.96.

Shares of Northern Blizzard Resources (TSE:NBZ) opened at 3.71 on Thursday. Northern Blizzard Resources has a one year low of $2.76 and a one year high of $5.74. The firm’s 50-day moving average is $3.79 and its 200 day moving average is $4.25. The firm’s market capitalization is $440.47 million.

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