Tidewater Renewables (TSE:LCFS) Given New C$3.00 Price Target at ATB Capital

Tidewater Renewables (TSE:LCFS) had its target price trimmed by ATB Capital from C$5.00 to C$3.00 in a research report sent to investors on Friday morning,BayStreet.CA reports. The firm currently has a speculative buy rating on the stock.

Several other equities analysts have also commented on the company. National Bankshares lowered Tidewater Renewables from a “sector perform” rating to an “underperform” rating and lowered their price objective for the company from C$12.00 to C$3.50 in a research report on Friday, August 16th. Acumen Capital cut shares of Tidewater Renewables from a “speculative buy” rating to a “hold” rating and lowered their price target for the company from C$13.75 to C$4.75 in a research report on Monday, August 19th. Finally, CIBC cut shares of Tidewater Renewables from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from C$12.00 to C$4.50 in a report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$6.68.

Tidewater Renewables Trading Down 11.3 %

LCFS opened at C$1.02 on Friday. The company has a quick ratio of 0.10, a current ratio of 0.30 and a debt-to-equity ratio of 60.43. Tidewater Renewables has a 52 week low of C$0.90 and a 52 week high of C$9.20. The stock has a market cap of C$35.58 million, a PE ratio of -3.52 and a beta of 1.36. The business has a 50 day moving average of C$2.00 and a 200-day moving average of C$5.26.

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.