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

Tidewater Renewables Ltd. (TSE:LCFS) has been given a consensus recommendation of “Hold” by the six research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$4.79.

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

Tidewater Renewables Trading Down 2.7 %

TSE LCFS opened at C$3.25 on Friday. Tidewater Renewables has a 52 week low of C$0.58 and a 52 week high of C$9.00. The firm has a 50 day moving average of C$1.48 and a two-hundred day moving average of C$1.42. The company has a quick ratio of 0.10, a current ratio of 1.15 and a debt-to-equity ratio of 114.04. The stock has a market capitalization of C$113.16 million, a PE ratio of -0.30 and a beta of 1.36.

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.