Tidewater Renewables (TSE:LCFS) Price Target Cut to C$3.00 by Analysts at ATB Capital

Tidewater Renewables (TSE:LCFS) had its price target reduced by ATB Capital from C$5.00 to C$3.00 in a research note published on Friday,BayStreet.CA reports. They currently have a speculative buy rating on the stock.

A number of other research firms have also recently issued reports on LCFS. National Bankshares cut Tidewater Renewables from a “sector perform” rating to an “underperform” rating and cut their price target for the stock from C$12.00 to C$3.50 in a report on Friday, August 16th. CIBC lowered shares of Tidewater Renewables from an “outperform” rating to a “neutral” rating and cut their target price for the stock from C$12.00 to C$4.50 in a research note on Friday, August 16th. Finally, Acumen Capital downgraded shares of Tidewater Renewables from a “speculative buy” rating to a “hold” rating and decreased their price target for the company from C$13.75 to C$4.75 in a research note on Monday, August 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$6.68.

Tidewater Renewables Price Performance

Tidewater Renewables stock opened at C$0.97 on Friday. The stock’s 50 day moving average is C$1.97 and its 200 day moving average is C$5.22. Tidewater Renewables has a one year low of C$0.90 and a one year high of C$9.20. The company has a debt-to-equity ratio of 60.43, a current ratio of 0.30 and a quick ratio of 0.10. The firm has a market cap of C$33.83 million, a P/E ratio of -3.34 and a beta of 1.36.

About Tidewater Renewables

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 counterparties, existing customers, government entities, Indigenous groups, and others in the transportation, utilities, refining, marketing, and power industries.