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

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

Separately, ATB Capital cut their price target on Tidewater Renewables from C$5.00 to C$3.00 and set a “speculative buy” rating for the company in a report on Friday, November 15th.

Tidewater Renewables Price Performance

Tidewater Renewables stock opened at C$0.79 on Thursday. The firm’s fifty day moving average is C$1.36 and its 200 day moving average is C$4.06. Tidewater Renewables has a 52-week low of C$0.65 and a 52-week high of C$9.20. 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 company has a market cap of C$27.56 million, a price-to-earnings ratio of -2.72 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.