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

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

Several other equities research analysts have also recently weighed in on the stock. CIBC reduced their price target on shares of Tidewater Renewables from C$13.00 to C$12.00 in a research report on Friday, March 15th. Cormark reduced their price target on shares of Tidewater Renewables from C$15.75 to C$10.00 in a research report on Friday, March 15th. Royal Bank of Canada reduced their price target on shares of Tidewater Renewables from C$15.00 to C$12.00 and set an outperform rating on the stock in a research report on Friday, March 15th. Acumen Capital reduced their price target on shares of 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. Finally, National Bankshares cut shares of Tidewater Renewables from an outperform rating to a sector perform rating and cut their price objective for the company from C$16.50 to C$12.00 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of C$12.31.

Tidewater Renewables Stock Performance

The stock has a fifty day simple moving average of C$6.79 and a two-hundred day simple moving average of 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 market capitalization of C$255.78 million, a PE ratio of -6.27 and a beta of 1.27. The company has a debt-to-equity ratio of 67.35, a current ratio of 0.20 and a quick ratio of 0.10.

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.