Tidewater Renewables Ltd. (TSE:LCFS) Receives C$9.44 Average PT from Brokerages

Tidewater Renewables Ltd. (TSE:LCFS) has received an average rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$9.44.

Several research analysts have recently issued reports on the stock. CIBC cut shares of Tidewater Renewables from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from C$12.00 to C$4.50 in a report on Friday. ATB Capital decreased their price target on Tidewater Renewables from C$14.00 to C$8.00 and set an “outperform” rating for the company in a research note on Friday. National Bankshares downgraded Tidewater Renewables from a “sector perform” rating to an “underperform” rating and dropped their price objective for the stock from C$12.00 to C$3.50 in a research note on Friday. Finally, Stifel Nicolaus cut their price objective on Tidewater Renewables from C$10.00 to C$9.00 and set a “hold” rating for the company in a report on Thursday, April 25th.

Tidewater Renewables Price Performance

Shares of TSE:LCFS opened at C$2.85 on Friday. The firm’s 50 day moving average is C$7.79 and its two-hundred day moving average is C$7.49. The firm has a market capitalization of C$99.24 million, a P/E ratio of -8.14 and a beta of 1.52. The company has a current ratio of 0.26, a quick ratio of 0.10 and a debt-to-equity ratio of 61.05. Tidewater Renewables has a 52 week low of C$2.45 and a 52 week high of C$9.20.

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.