Tidewater Renewables (TSE:LCFS) Given New C$8.00 Price Target at ATB Capital

Tidewater Renewables (TSE:LCFS) had its price target cut by ATB Capital from C$14.00 to C$8.00 in a research note published on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Separately, Stifel Nicolaus cut their price target on shares of Tidewater Renewables from C$10.00 to C$9.00 and set a hold rating for the company in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of Hold and a consensus target price of C$8.34.

Tidewater Renewables Stock Performance

Tidewater Renewables stock opened at C$2.85 on Friday. The business has a 50 day moving average price of C$7.69 and a two-hundred day moving average price of C$7.46. 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 12 month low of C$2.45 and a 12 month high of C$9.20. The stock has a market cap of C$99.41 million, a price-to-earnings ratio of -9.83 and a beta of 1.52.

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.