Tidewater Renewables Ltd. (TSE:LCFS) Receives C$6.68 Consensus PT from Brokerages

Shares of Tidewater Renewables Ltd. (TSE:LCFS) have been given a consensus recommendation of “Hold” by the six brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$6.68.

Several analysts have issued reports on the stock. ATB Capital cut 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 research note on Friday, November 15th. CIBC cut shares of Tidewater Renewables from an “outperform” rating to a “neutral” rating and lowered their price target for the company from C$12.00 to C$4.50 in a report on Friday, August 16th. Acumen Capital cut Tidewater Renewables from a “speculative buy” rating to a “hold” rating and reduced their price objective for the company from C$13.75 to C$4.75 in a research report on Monday, August 19th. Finally, National Bankshares lowered Tidewater Renewables from a “sector perform” rating to an “underperform” rating and dropped their target price for the stock from C$12.00 to C$3.50 in a research report on Friday, August 16th.

Tidewater Renewables Price Performance

Shares of TSE LCFS opened at C$0.85 on Friday. The company has a quick ratio of 0.10, a current ratio of 0.30 and a debt-to-equity ratio of 60.43. The firm’s 50-day simple moving average is C$1.76 and its 200 day simple moving average is C$4.95. Tidewater Renewables has a fifty-two week low of C$0.81 and a fifty-two week high of C$9.20. The stock has a market cap of C$29.65 million, a P/E ratio of -2.93 and a beta of 1.36.

Tidewater Renewables Company Profile

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.