Brokerages Set Tidewater Renewables Ltd. (TSE:LCFS) PT at C$6.68

Tidewater Renewables Ltd. (TSE:LCFS) has been assigned a consensus rating of “Hold” from the six research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$6.68.

LCFS has been the topic of several recent research reports. ATB Capital decreased their price target on 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. National Bankshares cut Tidewater Renewables from a “sector perform” rating to an “underperform” rating and decreased their price target for the company from C$12.00 to C$3.50 in a report on Friday, August 16th. CIBC cut 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. Finally, Acumen Capital cut Tidewater Renewables from a “speculative buy” rating to a “hold” rating and decreased their price target for the company from C$13.75 to C$4.75 in a report on Monday, August 19th.

Tidewater Renewables Price Performance

Shares of LCFS stock opened at C$0.85 on Friday. The stock’s fifty day moving average is C$1.76 and its 200-day moving average is C$4.95. The company has a debt-to-equity ratio of 60.43, a quick ratio of 0.10 and a current ratio of 0.30. The stock has a market capitalization of C$29.65 million, a PE ratio of -2.93 and a beta of 1.36. Tidewater Renewables has a 52 week low of C$0.81 and a 52 week high of C$9.20.

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.