Tidewater Renewables Ltd. (TSE:LCFS) Receives C$5.75 Average Target Price from Brokerages

Shares of Tidewater Renewables Ltd. (TSE:LCFS) have received a consensus rating of “Hold” from the six analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$5.75.

Several research analysts have recently weighed in on the stock. ATB Capital decreased their price target on shares of Tidewater Renewables from C$5.00 to C$3.00 and set a “speculative buy” rating on the stock in a report on Friday, November 15th. Royal Bank of Canada increased their target price on Tidewater Renewables from C$5.00 to C$5.50 and gave the company a “sector perform” rating in a report on Monday, January 13th.

Tidewater Renewables Price Performance

LCFS opened at C$2.31 on Tuesday. The company has a market capitalization of C$80.43 million, a price-to-earnings ratio of -0.21 and a beta of 1.36. The firm has a 50-day moving average price of C$0.88 and a 200-day moving average price of C$1.44. Tidewater Renewables has a twelve month low of C$0.58 and a twelve month high of C$9.00. The company has a quick ratio of 0.10, a current ratio of 1.15 and a debt-to-equity ratio of 114.04.

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.