Tidewater Renewables Ltd. (TSE:LCFS) Given Average Recommendation of “Hold” by Analysts

Tidewater Renewables Ltd. (TSE:LCFS) has earned an average rating of “Hold” from the six brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$8.34.

LCFS has been the subject of several research reports. ATB Capital dropped their price objective on shares of Tidewater Renewables from C$14.00 to C$8.00 and set an “outperform” rating for the company in a research note on Friday, August 16th. Acumen Capital downgraded shares of Tidewater Renewables from a “speculative buy” rating to a “hold” rating and dropped their price objective for the company from C$13.75 to C$4.75 in a research note on Monday, August 19th. National Bankshares downgraded shares of Tidewater Renewables from a “sector perform” rating to an “underperform” rating and dropped 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 price objective for the company from C$12.00 to C$4.50 in a research note on Friday, August 16th.

Tidewater Renewables Price Performance

Shares of TSE:LCFS opened at C$1.90 on Wednesday. The firm has a 50 day moving average of C$2.21 and a 200-day moving average of C$5.80. The stock has a market capitalization of C$66.27 million, a PE ratio of -6.55 and a beta of 1.36. The company has a current ratio of 0.30, a quick ratio of 0.10 and a debt-to-equity ratio of 60.43. Tidewater Renewables has a 12 month low of C$1.80 and a 12 month high of C$9.20.

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.