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

Tidewater Renewables (TSE:LCFS) had its price target decreased by investment analysts at ATB Capital from C$14.00 to C$8.00 in a research report issued on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Capital’s price objective would suggest a potential upside of 160.59% from the company’s previous close.

Separately, Stifel Nicolaus cut their target price on shares of Tidewater Renewables from C$10.00 to C$9.00 and set a “hold” rating for the company in a research report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to MarketBeat, Tidewater Renewables has a consensus rating of “Hold” and an average price target of C$9.44.

Tidewater Renewables Stock Performance

Shares of TSE:LCFS traded down C$0.70 during midday trading on Friday, hitting C$3.07. The stock had a trading volume of 100,081 shares, compared to its average volume of 7,550. The company has a market capitalization of C$106.90 million, a PE ratio of -8.77 and a beta of 1.52. Tidewater Renewables has a 1 year low of C$2.45 and a 1 year high of C$9.20. The stock has a 50 day moving average price of C$7.88 and a two-hundred day moving average price of C$7.53. The company has a current ratio of 0.26, a quick ratio of 0.10 and a debt-to-equity ratio of 61.05.

Tidewater Renewables Company Profile

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.