Brokerages Set Tidewater Renewables Ltd. (TSE:LCFS) Price Target at C$5.75

Shares of Tidewater Renewables Ltd. (TSE:LCFS) have been assigned a consensus rating of “Hold” from the six research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$5.75.

LCFS has been the topic of a number of analyst reports. Royal Bank of Canada boosted their price objective on shares of Tidewater Renewables from C$5.00 to C$5.50 and gave the company a “sector perform” rating in a research report on Monday, January 13th. ATB Capital dropped their target price on Tidewater Renewables from C$5.00 to C$3.00 and set a “speculative buy” rating for the company in a research report on Friday, November 15th.

Tidewater Renewables Price Performance

Shares of Tidewater Renewables stock opened at C$0.73 on Friday. The stock has a market cap of C$25.46 million, a price-to-earnings ratio of -2.52 and a beta of 1.36. The company has a debt-to-equity ratio of 60.43, a quick ratio of 0.10 and a current ratio of 0.30. The stock has a 50 day moving average price of C$0.80 and a 200-day moving average price of C$2.23. Tidewater Renewables has a one year low of C$0.64 and a one year high of C$9.00.

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.