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

Tidewater Renewables Ltd. (TSE:LCFS) has been assigned an average rating of “Hold” from the six brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$5.75.

LCFS has been the topic of several research analyst reports. ATB Capital cut 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 research note on Friday, November 15th. Royal Bank of Canada lifted 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 note on Monday, January 13th.

Tidewater Renewables Price Performance

Shares of TSE:LCFS opened at C$2.26 on Tuesday. The company’s fifty day moving average price is C$0.80 and its 200 day moving average price is C$1.44. Tidewater Renewables has a 12 month low of C$0.58 and a 12 month high of C$9.00. The company has a debt-to-equity ratio of 114.04, a current ratio of 1.15 and a quick ratio of 0.10. The firm has a market capitalization of C$78.69 million, a P/E ratio of -0.21 and a beta of 1.36.

About Tidewater Renewables

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.