Shares of Tidewater Renewables Ltd. (TSE:LCFS - Get Free Report) were down 7.9% on Thursday . The company traded as low as C$2.14 and last traded at C$2.22. Approximately 5,782 shares changed hands during trading, a decline of 85% from the average daily volume of 38,761 shares. The stock had previously closed at C$2.41.
Analysts Set New Price Targets
Several research firms have recently issued reports on LCFS. CIBC upped their price objective on shares of Tidewater Renewables from C$3.00 to C$3.25 and gave the company a "neutral" rating in a report on Friday, March 28th. Acumen Capital raised their price target on shares of Tidewater Renewables from C$2.25 to C$3.50 and gave the stock a "hold" rating in a report on Friday, March 28th. Finally, ATB Capital lifted their price objective on shares of Tidewater Renewables from C$3.00 to C$4.00 and gave the stock a "speculative buy" rating in a research note on Friday, March 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of C$3.95.
View Our Latest Analysis on Tidewater Renewables
Tidewater Renewables Trading Down 7.9%
The stock has a 50-day moving average of C$2.82 and a 200 day moving average of C$1.74. The company has a quick ratio of 0.10, a current ratio of 1.15 and a debt-to-equity ratio of 114.04. The stock has a market cap of C$77.30 million, a PE ratio of -0.20 and a beta of 1.36.
Tidewater Renewables Company Profile
(
Get Free Report)
Tidewater Renewables Ltd has been formed to become a multi-faceted, energy transition company. It is focused on the production of low carbon fuels, including renewable diesel, renewable hydrogen and renewable natural gas, as well as carbon capture. The corporation generates revenue from the sale of renewable products.
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