Tidewater Renewables Ltd. (TSE:LCFS) Receives C$6.68 Average Target Price from Brokerages

Shares of Tidewater Renewables Ltd. (TSE:LCFS) have earned a consensus rating of “Hold” from the six ratings firms that are covering the company, MarketBeat Ratings reports. One equities research 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 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 several analyst reports. Royal Bank of Canada upped their price target on Tidewater Renewables from C$5.00 to C$5.50 and gave the company a “sector perform” rating in a research report on Monday. ATB Capital decreased their price objective on shares of Tidewater Renewables from C$5.00 to C$3.00 and set a “speculative buy” rating on the stock in a research report on Friday, November 15th.

Tidewater Renewables Stock Performance

Shares of LCFS opened at C$0.81 on Monday. The business’s 50-day moving average price is C$0.97 and its 200-day moving average price is C$3.20. Tidewater Renewables has a twelve month low of C$0.65 and a twelve month high of C$9.14. The stock has a market cap of C$28.25 million, a PE ratio of -2.79 and a beta of 1.36. The company has a quick ratio of 0.10, a current ratio of 0.30 and a debt-to-equity ratio of 60.43.

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.