Tidewater Renewables (TSE:LCFS) PT Lowered to C$9.00

Tidewater Renewables (TSE:LCFS) had its price target cut by Stifel Nicolaus from C$10.00 to C$9.00 in a report issued on Thursday, BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other research analysts also recently weighed in on LCFS. Cormark decreased their price objective on shares of Tidewater Renewables from C$15.75 to C$10.00 in a research report on Friday, March 15th. CIBC reduced their price target on Tidewater Renewables from C$13.00 to C$12.00 in a report on Friday, March 15th. National Bankshares downgraded Tidewater Renewables from an outperform rating to a sector perform rating and lowered their price target for the stock from C$16.50 to C$12.00 in a research report on Friday, January 26th. Royal Bank of Canada cut their price objective on Tidewater Renewables from C$15.00 to C$12.00 and set an outperform rating for the company in a research report on Friday, March 15th. Finally, Acumen Capital decreased their target price on Tidewater Renewables from C$16.00 to C$13.50 and set a speculative buy rating on the stock in a research report on Friday, January 26th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of C$12.31.

Tidewater Renewables Price Performance

Shares of TSE LCFS opened at C$7.35 on Thursday. The company has a debt-to-equity ratio of 67.35, a current ratio of 0.20 and a quick ratio of 0.10. The firm’s 50 day simple moving average is C$6.79 and its 200-day simple moving average is C$7.48. Tidewater Renewables has a 12 month low of C$5.75 and a 12 month high of C$9.20. The stock has a market capitalization of C$255.78 million, a price-to-earnings ratio of -6.27 and a beta of 1.27.

Tidewater Renewables Company Profile

Tidewater Renewables Ltd. engages in production of renewable fuel in North America. It intends to focus on the production of low carbon fuels, including renewable diesel, renewable hydrogen, and renewable natural gas, as well as carbon capture. The company intends to supply low carbon fuels to investment grade offtakers, existing customers, government entities, and others industries.