Brokerages Set Tidewater Renewables Ltd. (TSE:LCFS) Target Price at C$4.79

Tidewater Renewables Ltd. (TSE:LCFS) has received an average rating of “Hold” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$4.79.

LCFS has been the topic of a number of analyst reports. Royal Bank of Canada increased 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 note on Monday, January 13th. Acumen Capital boosted their price objective on shares of Tidewater Renewables from C$2.25 to C$3.50 and gave the stock a “hold” rating in a research note on Friday, March 28th. CIBC increased their price objective on shares of Tidewater Renewables from C$3.00 to C$3.25 and gave the stock a “neutral” rating in a research report on Friday, March 28th. Finally, ATB Capital boosted their target price on shares of Tidewater Renewables from C$3.00 to C$4.00 and gave the company a “speculative buy” rating in a research report on Friday, March 28th.

Tidewater Renewables Stock Up 1.0 %

Shares of LCFS opened at C$3.05 on Friday. The firm’s 50 day moving average is C$1.67 and its 200-day moving average is C$1.45. The stock has a market capitalization of C$106.20 million, a PE ratio of -0.28 and a beta of 1.36. The company has a current ratio of 1.15, a quick ratio of 0.10 and a debt-to-equity ratio of 114.04. Tidewater Renewables has a 12 month low of C$0.58 and a 12 month 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.