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

Tidewater Renewables (TSE:LCFS) had its price objective reduced by research analysts at Stifel Nicolaus from C$10.00 to C$9.00 in a research note issued on Thursday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock.

A number of other analysts have also weighed in on LCFS. National Bankshares lowered shares of Tidewater Renewables from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from C$16.50 to C$12.00 in a research note on Friday, January 26th. Acumen Capital dropped 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 report on Friday, January 26th. Cormark dropped their price target on Tidewater Renewables from C$15.75 to C$10.00 in a research report on Friday, March 15th. CIBC dropped their price objective on Tidewater Renewables from C$13.00 to C$12.00 in a research report on Friday, March 15th. Finally, Royal Bank of Canada dropped their price objective on Tidewater Renewables from C$15.00 to C$12.00 and set an “outperform” rating for the company in a research report on Friday, March 15th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$12.31.

Tidewater Renewables Price Performance

Tidewater Renewables has a 1-year low of C$5.75 and a 1-year high of C$9.20. The stock has a market capitalization of C$255.78 million, a price-to-earnings ratio of -6.27 and a beta of 1.27. The business’s 50-day simple moving average is C$6.79 and its two-hundred day simple moving average is C$7.48. 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.