Tidewater Renewables (TSE:LCFS) Given New C$15.50 Price Target at Canaccord Genuity Group

Tidewater Renewables (TSE:LCFS – Get Rating) had its price objective reduced by Canaccord Genuity Group from C$18.00 to C$15.50 in a research report report published on Monday morning, BayStreet.CA reports.

Several other research firms have also weighed in on LCFS. Stifel Nicolaus lifted their target price on shares of Tidewater Renewables from C$17.50 to C$18.00 in a report on Wednesday, February 8th. CIBC cut their price objective on shares of Tidewater Renewables from C$19.00 to C$16.00 and set an outperform rating on the stock in a report on Friday. National Bankshares cut their price objective on shares of Tidewater Renewables from C$19.50 to C$16.50 and set an outperform rating on the stock in a report on Friday. Royal Bank of Canada cut their price objective on shares of Tidewater Renewables from C$20.00 to C$18.00 and set an outperform rating on the stock in a report on Friday. Finally, Acumen Capital cut their price objective on shares of Tidewater Renewables from C$20.00 to C$19.00 in a report on Tuesday, February 28th.

Tidewater Renewables Stock Performance

The company has a debt-to-equity ratio of 26.98, a current ratio of 0.33 and a quick ratio of 0.10. The firm has a market cap of C$328.70 million and a price-to-earnings ratio of -35.07. The company’s fifty day simple moving average is C$11.10 and its two-hundred day simple moving average is C$11.19. Tidewater Renewables has a 1-year low of C$9.15 and a 1-year high of C$14.27.

About Tidewater Renewables

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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, first nations groups, and others in the transportation, utilities, refining, marketing, power, and other industries.