Tidewater Midstream & Infrastructure Ltd (TWM) PT Set at C$2.40 by CIBC
Tidewater Midstream & Infrastructure Ltd (CVE:TWM) has been given a C$2.40 target price by analysts at CIBC in a research report issued to clients and investors on Thursday. CIBC’s price objective would indicate a potential upside of 65.52% from the stock’s previous close.
A number of other equities research analysts also recently commented on TWM. Royal Bank Of Canada reduced their target price on Tidewater Midstream & Infrastructure from C$1.80 to C$1.70 and set a “sector perform” rating for the company in a report on Friday, August 11th. Beacon Securities reissued a “buy” rating on shares of Tidewater Midstream & Infrastructure in a report on Thursday, August 10th. Finally, Desjardins reissued a “buy” rating on shares of Tidewater Midstream & Infrastructure in a report on Wednesday, August 16th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$2.12.
Tidewater Midstream & Infrastructure (CVE TWM) traded down C$0.01 on Thursday, reaching C$1.45. The company’s stock had a trading volume of 135,339 shares, compared to its average volume of 542,697. Tidewater Midstream & Infrastructure has a 52 week low of C$1.24 and a 52 week high of C$1.74.
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In related news, Director Joel Macleod acquired 23,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was purchased at an average price of C$1.30 per share, for a total transaction of C$29,900.00. In the last quarter, insiders have purchased 66,400 shares of company stock valued at $86,154.
About Tidewater Midstream & Infrastructure
Tidewater Midstream and Infrastructure Ltd is a Canada-based company within midstream and infrastructure industry. It purchases, sales and transports natural gas liquids (NGLs) throughout North America, as well as exports NGLs to overseas markets. The NGLs the Company deals with comprise ethane, propane, butane and natural gasoline.
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