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

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

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

Tidewater Renewables Stock Up 3.2 %

Shares of TSE:LCFS opened at C$2.93 on Tuesday. The company has a market cap of C$102.02 million, a price-to-earnings ratio of -0.27 and a beta of 1.36. The firm’s 50-day simple moving average is C$0.97 and its 200-day simple moving average is C$1.43. 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 fifty-two week low of C$0.58 and a fifty-two week high of C$9.00.

Tidewater Renewables Company Profile

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.