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

Tidewater Renewables (TSE:LCFS - Free Report) had its price objective reduced by Stifel Nicolaus from C$10.00 to C$9.00 in a report released on Thursday morning, BayStreet.CA reports. Stifel Nicolaus currently has a hold rating on the stock.

Other research analysts have also issued reports about the stock. CIBC dropped their price objective on shares of Tidewater Renewables from C$13.00 to C$12.00 in a research note on Friday, March 15th. Royal Bank of Canada cut 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 report on Friday, March 15th. Cormark decreased their price objective on shares of Tidewater Renewables from C$15.75 to C$10.00 in a research note on Friday, March 15th. National Bankshares cut Tidewater Renewables from an outperform rating to a sector perform rating and cut their target price for the company from C$16.50 to C$12.00 in a research note on Friday, January 26th. Finally, Acumen Capital decreased their price target on Tidewater Renewables from C$16.00 to C$13.50 and set a speculative buy rating for the company in a research note on Friday, January 26th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Tidewater Renewables currently has an average rating of Moderate Buy and a consensus target price of C$12.31.

Tidewater Renewables Trading Down 0.8 %

LCFS stock traded down C$0.06 during midday trading on Thursday, reaching C$7.40. 178,157 shares of the company traded hands, compared to its average volume of 7,986. The firm has a market capitalization of C$257.52 million, a price-to-earnings ratio of -6.27 and a beta of 1.27. Tidewater Renewables has a 52-week low of C$5.75 and a 52-week high of C$9.20. The business has a 50 day moving average of C$6.77 and a 200-day moving average of C$7.48. The company has a debt-to-equity ratio of 67.35, a quick ratio of 0.10 and a current ratio of 0.20.

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.