Brokerages Set Tidewater Renewables Ltd. (TSE:LCFS) Price Target at C$4.79

Shares of Tidewater Renewables Ltd. (TSE:LCFS) have earned an average recommendation of “Hold” from the six research firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$4.79.

LCFS has been the topic of several recent analyst reports. Royal Bank of Canada raised their target price 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 boosted their price objective on shares of Tidewater Renewables from C$3.00 to C$4.00 and gave the company a “speculative buy” rating in a research report on Friday, March 28th. CIBC raised their target price on Tidewater Renewables from C$3.00 to C$3.25 and gave the company a “neutral” rating in a report on Friday, March 28th. Finally, Acumen Capital boosted their price target on Tidewater Renewables from C$2.25 to C$3.50 and gave the stock a “hold” rating in a report on Friday, March 28th.

Tidewater Renewables Stock Performance

Shares of TSE:LCFS opened at C$3.29 on Friday. Tidewater Renewables has a 12-month low of C$0.58 and a 12-month high of C$9.00. The company’s 50 day moving average price is C$1.58 and its two-hundred day moving average price is C$1.44. The firm has a market cap of C$114.55 million, a PE ratio of -0.30 and a beta of 1.36. The company has a quick ratio of 0.10, a current ratio of 1.15 and a debt-to-equity ratio of 114.04.

About Tidewater Renewables

Tidewater Renewables Ltd has been formed to become a multi-faceted, energy transition company. It is focused on the production of low carbon fuels, including renewable diesel, renewable hydrogen and renewable natural gas, as well as carbon capture. The corporation generates revenue from the sale of renewable products.