ATB Capital Cuts Tidewater Renewables (TSE:LCFS) Price Target to C$3.00

Tidewater Renewables (TSE:LCFS) had its price target dropped by investment analysts at ATB Capital from C$5.00 to C$3.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has a “speculative buy” rating on the stock. ATB Capital’s price objective would suggest a potential upside of 180.37% from the company’s current price.

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

Tidewater Renewables Trading Down 7.0 %

Shares of TSE:LCFS traded down C$0.08 during trading on Friday, reaching C$1.07. 10,091 shares of the company were exchanged, compared to its average volume of 12,375. The business’s fifty day simple moving average is C$2.03 and its 200-day simple moving average is C$5.33. The firm has a market capitalization of C$37.32 million, a PE ratio of -3.69 and a beta of 1.36. Tidewater Renewables has a 12-month low of C$0.90 and a 12-month high of C$9.20. The company has a debt-to-equity ratio of 60.43, a current ratio of 0.30 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 counterparties, existing customers, government entities, Indigenous groups, and others in the transportation, utilities, refining, marketing, and power industries.