Analysts Set Tidewater Renewables Ltd. (TSE:LCFS) Price Target at C$6.68

Tidewater Renewables Ltd. (TSE:LCFS) has received a consensus recommendation of “Hold” from the six ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$6.68.

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

Tidewater Renewables Stock Up 2.3 %

LCFS stock opened at C$0.90 on Friday. The company has a 50 day moving average price of C$1.72 and a two-hundred day moving average price of C$4.86. 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 market capitalization of C$31.39 million, a P/E ratio of -3.10 and a beta of 1.36. Tidewater Renewables has a one year low of C$0.81 and a one year high of C$9.20.

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.