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

Tidewater Renewables (TSE:LCFS) had its price target decreased by ATB Capital from C$5.00 to C$3.00 in a report published on Friday,BayStreet.CA reports. ATB Capital currently has a speculative buy rating on the stock.

LCFS has been the topic of a number of other research reports. National Bankshares cut Tidewater Renewables from a “sector perform” rating to an “underperform” rating and dropped their price objective for the stock from C$12.00 to C$3.50 in a report on Friday, August 16th. CIBC downgraded shares of Tidewater Renewables from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from C$12.00 to C$4.50 in a report on Friday, August 16th. Finally, Acumen Capital cut shares of Tidewater Renewables from a “speculative buy” rating to a “hold” rating and reduced their price objective for the company from C$13.75 to C$4.75 in a research note on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$6.68.

Tidewater Renewables Stock Performance

Shares of LCFS opened at C$1.02 on Friday. The company has a debt-to-equity ratio of 60.43, a current ratio of 0.30 and a quick ratio of 0.10. The firm has a market cap of C$35.58 million, a PE ratio of -3.52 and a beta of 1.36. Tidewater Renewables has a 1 year low of C$0.90 and a 1 year high of C$9.20. The stock’s fifty day moving average price is C$2.00 and its two-hundred day moving average price is C$5.26.

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.