Tidewater Renewables Ltd. (TSE:LCFS) Receives C$8.34 Consensus Price Target from Brokerages

Tidewater Renewables Ltd. (TSE:LCFS) has received a consensus rating of “Hold” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$8.34.

LCFS has been the topic of several recent analyst reports. Acumen Capital cut Tidewater Renewables from a “speculative buy” rating to a “hold” rating and lowered their price target for the company from C$13.75 to C$4.75 in a report on Monday, August 19th. ATB Capital decreased their price target on shares of Tidewater Renewables from C$14.00 to C$8.00 and set an “outperform” rating on the stock in a report on Friday, August 16th. National Bankshares cut shares of Tidewater Renewables from a “sector perform” rating to an “underperform” rating and lowered their price objective for the company from C$12.00 to C$3.50 in a research report on Friday, August 16th. Finally, CIBC lowered shares of Tidewater Renewables from an “outperform” rating to a “neutral” rating and cut their target price for the stock from C$12.00 to C$4.50 in a research report on Friday, August 16th.

Tidewater Renewables Trading Up 2.6 %

Shares of LCFS stock opened at C$1.95 on Wednesday. Tidewater Renewables has a 1 year low of C$1.80 and a 1 year high of C$9.20. The company’s fifty day simple moving average is C$2.17 and its two-hundred day simple moving average is C$5.69. 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 stock has a market capitalization of C$68.02 million, a price-to-earnings ratio of -6.72 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.