Tidewater Renewables Ltd. (TSE:LCFS) Receives Average Recommendation of “Hold” from Analysts

Tidewater Renewables Ltd. (TSE:LCFS) has received a consensus rating of “Hold” from the six analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$5.75.

Several equities research analysts have recently weighed in on LCFS shares. Royal Bank of Canada increased their price target on Tidewater Renewables from C$5.00 to C$5.50 and gave the stock a “sector perform” rating in a report on Monday, January 13th. ATB Capital reduced their target price on Tidewater Renewables from C$5.00 to C$3.00 and set a “speculative buy” rating on the stock in a research note on Friday, November 15th.

Tidewater Renewables Stock Performance

Tidewater Renewables stock opened at C$0.78 on Friday. Tidewater Renewables has a 1-year low of C$0.64 and a 1-year high of C$9.00. The company’s 50-day moving average is C$0.81 and its 200 day moving average is C$2.43. The firm has a market capitalization of C$27.21 million, a P/E ratio of -2.69 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.