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

Tidewater Renewables (TSE:LCFS) had its target price reduced by Stifel Nicolaus from C$10.00 to C$9.00 in a research note issued to investors on Thursday morning, BayStreet.CA reports. They currently have a hold rating on the stock.

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

Tidewater Renewables Trading Down 0.7 %

Shares of LCFS stock opened at C$7.35 on Thursday. Tidewater Renewables has a 1-year low of C$5.75 and a 1-year high of C$9.20. The company has a current ratio of 0.20, a quick ratio of 0.10 and a debt-to-equity ratio of 67.35. The stock has a market cap of C$255.78 million, a price-to-earnings ratio of -6.27 and a beta of 1.27. The stock has a 50-day moving average of C$6.79 and a 200-day moving average of C$7.48.

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 offtakers, existing customers, government entities, and others industries.