Tidewater Renewables Ltd. (TSE:LCFS) Receives Average Recommendation of “Hold” from Brokerages

Shares of Tidewater Renewables Ltd. (TSE:LCFS) have earned a consensus rating of “Hold” from the six ratings firms that are covering the firm, Marketbeat.com reports. One 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 price target among brokers that have issued a report on the stock in the last year is C$5.75.

A number of equities research analysts have issued reports on the company. ATB Capital lowered 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 research report on Friday, November 15th. Royal Bank of Canada boosted their target price on Tidewater Renewables from C$5.00 to C$5.50 and gave the stock a “sector perform” rating in a report on Monday, January 13th.

Tidewater Renewables Stock Down 2.4 %

Shares of TSE LCFS opened at C$0.80 on Monday. The stock has a market capitalization of C$27.90 million, a PE ratio of -2.76 and a beta of 1.36. 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 has a fifty day moving average of C$0.93 and a 200-day moving average of C$3.11. Tidewater Renewables has a 52-week low of C$0.65 and a 52-week high of C$9.00.

About Tidewater Renewables

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.