Tidewater Renewables Ltd. (TSE:LCFS) Receives C$8.34 Consensus Target Price from Analysts

Tidewater Renewables Ltd. (TSE:LCFS) has earned a consensus recommendation of “Hold” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$8.34.

Several equities analysts have recently issued reports on the company. ATB Capital reduced their price objective on Tidewater Renewables from C$14.00 to C$8.00 and set an “outperform” rating for the company in a research report on Friday, August 16th. National Bankshares cut Tidewater Renewables from a “sector perform” rating to an “underperform” rating and decreased their price target for the stock from C$12.00 to C$3.50 in a research note on Friday, August 16th. CIBC cut shares of Tidewater Renewables from an “outperform” rating to a “neutral” rating and cut their price objective for the company from C$12.00 to C$4.50 in a research note on Friday, August 16th. Finally, Acumen Capital lowered shares of Tidewater Renewables from a “speculative buy” rating to a “hold” rating and decreased their target price for the company from C$13.75 to C$4.75 in a research report on Monday, August 19th.

Tidewater Renewables Price Performance

Shares of TSE:LCFS opened at C$2.33 on Tuesday. The company has a market cap of C$81.27 million, a PE ratio of -8.03 and a beta of 1.45. Tidewater Renewables has a fifty-two week low of C$2.30 and a fifty-two week high of C$9.20. The firm has a 50-day simple moving average of C$5.74 and a 200 day simple moving average of C$6.72. The company has a quick ratio of 0.10, a current ratio of 0.30 and a debt-to-equity ratio of 60.43.

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.