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

Shares of Tidewater Renewables Ltd. (TSE:LCFS) have received a consensus recommendation of “Hold” from the six brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$5.75.

A number of analysts recently issued reports on the stock. Royal Bank of Canada lifted their price target on shares of Tidewater Renewables from C$5.00 to C$5.50 and gave the stock a “sector perform” rating in a research note on Monday, January 13th. ATB Capital dropped their target price 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.

Tidewater Renewables Price Performance

LCFS stock opened at C$0.80 on Monday. The stock’s 50 day moving average is C$0.93 and its two-hundred day moving average is C$3.11. Tidewater Renewables has a 52-week low of C$0.65 and a 52-week high of C$9.00. The company 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.

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.