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

Shares of Tidewater Renewables Ltd. (TSE:LCFS) have earned a consensus rating of “Hold” from the six ratings firms that are covering the firm, Marketbeat reports. One equities research 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 12-month target price among analysts that have updated their coverage on the stock in the last year is C$6.68.

A number of equities research analysts recently commented on the company. ATB Capital dropped their price objective on Tidewater Renewables from C$5.00 to C$3.00 and set a “speculative buy” rating for the company in a report on Friday, November 15th. CIBC lowered shares of Tidewater Renewables from an “outperform” rating to a “neutral” rating and decreased their price target for the company from C$12.00 to C$4.50 in a report on Friday, August 16th. Acumen Capital downgraded Tidewater Renewables from a “speculative buy” rating to a “hold” rating and dropped their price objective for the stock from C$13.75 to C$4.75 in a research note on Monday, August 19th. Finally, National Bankshares downgraded Tidewater Renewables from a “sector perform” rating to an “underperform” rating and lowered their price target for the stock from C$12.00 to C$3.50 in a report on Friday, August 16th.

Tidewater Renewables Trading Up 1.1 %

LCFS stock opened at C$0.91 on Friday. The company has a quick ratio of 0.10, a current ratio of 0.30 and a debt-to-equity ratio of 60.43. Tidewater Renewables has a twelve month low of C$0.81 and a twelve month high of C$9.20. The company has a market cap of C$31.74 million, a P/E ratio of -3.14 and a beta of 1.36. The business has a fifty day moving average of C$1.69 and a 200-day moving average of C$4.79.

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.