Tidewater Renewables (TSE:LCFS) Price Target Lowered to C$9.00 at Stifel Nicolaus

Tidewater Renewables (TSE:LCFS) had its price target dropped by Stifel Nicolaus from C$10.00 to C$9.00 in a note issued to investors on Thursday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 21.29% from the company’s current price.

LCFS has been the subject of several other reports. CIBC reduced their target price on Tidewater Renewables from C$13.00 to C$12.00 in a report on Friday, March 15th. Acumen Capital reduced their target price on Tidewater Renewables from C$16.00 to C$13.50 and set a “speculative buy” rating for the company in a report on Friday, January 26th. Royal Bank of Canada reduced their target price on Tidewater Renewables from C$15.00 to C$12.00 and set an “outperform” rating for the company in a report on Friday, March 15th. National Bankshares lowered Tidewater Renewables from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$16.50 to C$12.00 in a report on Friday, January 26th. Finally, Cormark cut their price target on Tidewater Renewables from C$15.75 to C$10.00 in a report on Friday, March 15th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Tidewater Renewables has a consensus rating of “Moderate Buy” and an average price target of C$12.31.

Tidewater Renewables Stock Performance

LCFS traded down C$0.04 on Thursday, hitting C$7.42. The company had a trading volume of 178,000 shares, compared to its average volume of 7,984. The company’s fifty day moving average price is C$6.75 and its 200 day moving average price is C$7.48. Tidewater Renewables has a 1-year low of C$5.75 and a 1-year high of C$9.20. 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 stock has a market cap of C$258.22 million, a price-to-earnings ratio of -6.29 and a beta of 1.27.

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 offtakers, existing customers, government entities, and others industries.