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

Tidewater Renewables Ltd. (TSE:LCFS) has earned a consensus rating of “Hold” from the six research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$6.68.

Separately, ATB Capital decreased their target price on 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

TSE LCFS opened at C$0.80 on Thursday. The company’s fifty day moving average is C$1.41 and its two-hundred day moving average is C$4.19. Tidewater Renewables has a 52-week low of C$0.80 and a 52-week high of C$9.20. The company has a debt-to-equity ratio of 60.43, a current ratio of 0.30 and a quick ratio of 0.10. The firm has a market capitalization of C$27.90 million, a price-to-earnings ratio of -2.76 and a beta of 1.36.

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.