Tidewater Renewables Ltd. (TSE:LCFS) Given Consensus Recommendation of “Hold” by Brokerages

Tidewater Renewables Ltd. (TSE:LCFS) has earned a consensus recommendation of “Hold” from the six analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$8.34.

Several research analysts recently issued reports on the stock. Acumen Capital lowered shares of Tidewater Renewables from a “speculative buy” rating to a “hold” rating and decreased their price target for the stock from C$13.75 to C$4.75 in a research note on Monday. ATB Capital lowered their price objective on Tidewater Renewables from C$14.00 to C$8.00 and set an “outperform” rating for the company in a research note on Friday, August 16th. CIBC cut Tidewater Renewables from an “outperform” rating to a “neutral” rating and cut their target price for the stock from C$12.00 to C$4.50 in a research note on Friday, August 16th. National Bankshares downgraded Tidewater Renewables from a “sector perform” rating to an “underperform” rating and reduced their price target for the company from C$12.00 to C$3.50 in a report on Friday, August 16th. Finally, Stifel Nicolaus dropped their price target on shares of Tidewater Renewables from C$10.00 to C$9.00 and set a “hold” rating on the stock in a research note on Thursday, April 25th.

Tidewater Renewables Stock Performance

Shares of Tidewater Renewables stock opened at C$2.71 on Friday. Tidewater Renewables has a 12 month low of C$2.45 and a 12 month high of C$9.20. The firm has a market capitalization of C$94.52 million, a P/E ratio of -9.34 and a beta of 1.52. The company has a current ratio of 0.30, a quick ratio of 0.10 and a debt-to-equity ratio of 60.43. The business has a fifty day simple moving average of C$7.39 and a two-hundred day simple moving average of C$7.36.

Tidewater Renewables Company Profile

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.