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

Shares of Tidewater Renewables Ltd. (TSE:LCFS) have been given an average recommendation of “Hold” by the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$5.75.

LCFS has been the topic of a number of research reports. Royal Bank of Canada lifted their price target on shares of Tidewater Renewables from C$5.00 to C$5.50 and gave the company 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 report on Friday, November 15th.

Tidewater Renewables Trading Down 2.5 %

Tidewater Renewables stock opened at C$0.78 on Friday. The company has a debt-to-equity ratio of 60.43, a current ratio of 0.30 and a quick ratio of 0.10. The firm’s 50 day moving average price is C$0.81 and its 200-day moving average price is C$2.43. Tidewater Renewables has a 1 year low of C$0.64 and a 1 year high of C$9.00. The stock has a market cap of C$27.21 million, a P/E ratio of -2.69 and a beta of 1.36.

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.