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

Shares of Tidewater Renewables Ltd. (TSE:LCFS) have earned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$6.68.

A number of research analysts have commented on the stock. National Bankshares downgraded shares of Tidewater Renewables from a “sector perform” rating to an “underperform” rating and reduced their price objective for the company from C$12.00 to C$3.50 in a research note on Friday, August 16th. Acumen Capital downgraded 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, August 19th. ATB Capital cut their price objective 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. Finally, CIBC downgraded Tidewater Renewables from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from C$12.00 to C$4.50 in a report on Friday, August 16th.

Tidewater Renewables Stock Performance

Tidewater Renewables stock opened at C$0.90 on Friday. Tidewater Renewables has a 52 week low of C$0.81 and a 52 week high of C$9.20. 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 stock has a market cap of C$31.39 million, a P/E ratio of -3.10 and a beta of 1.36. The stock has a 50 day moving average of C$1.82 and a 200-day moving average of C$5.02.

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.