ATB Capital Has Lowered Expectations for Tidewater Renewables (TSE:LCFS) Stock Price

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

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

Tidewater Renewables Stock Down 11.3 %

Shares of TSE:LCFS traded down C$0.13 during trading hours on Friday, hitting C$1.02. The company’s stock had a trading volume of 37,891 shares, compared to its average volume of 12,502. The firm’s fifty day moving average price is C$2.00 and its 200 day moving average price is C$5.29. Tidewater Renewables has a 52 week low of C$0.90 and a 52 week high of C$9.20. The company has a market capitalization of C$35.58 million, a price-to-earnings ratio of -3.52 and a beta of 1.36. The company has a debt-to-equity ratio of 60.43, a current ratio of 0.30 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 counterparties, existing customers, government entities, Indigenous groups, and others in the transportation, utilities, refining, marketing, and power industries.