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

Shares of Tidewater Renewables Ltd. (TSE:LCFS) have earned an average recommendation of “Hold” from the six analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$5.75.

Several equities analysts have commented on LCFS shares. ATB Capital decreased their price target on shares of Tidewater Renewables from C$5.00 to C$3.00 and set a “speculative buy” rating for the company in a research report on Friday, November 15th. Royal Bank of Canada lifted their price objective on shares of Tidewater Renewables from C$5.00 to C$5.50 and gave the stock a “sector perform” rating in a research report on Monday, January 13th.

Tidewater Renewables Stock Performance

Shares of LCFS stock opened at C$2.26 on Tuesday. The company has a quick ratio of 0.10, a current ratio of 1.15 and a debt-to-equity ratio of 114.04. Tidewater Renewables has a 52 week low of C$0.58 and a 52 week high of C$9.00. The stock has a market capitalization of C$78.69 million, a PE ratio of -0.21 and a beta of 1.36. The firm has a 50 day moving average of C$0.80 and a two-hundred day moving average of C$1.44.

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.