Analysts Set Tidewater Renewables Ltd. (TSE:LCFS) Target Price at C$8.34

Tidewater Renewables Ltd. (TSE:LCFS) has received an average rating of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating 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.

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

Tidewater Renewables Trading Down 11.4 %

Shares of TSE LCFS opened at C$2.33 on Tuesday. The stock has a market cap of C$81.27 million, a price-to-earnings ratio of -8.03 and a beta of 1.45. The business 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 debt-to-equity ratio of 60.43, a quick ratio of 0.10 and a current ratio of 0.30. Tidewater Renewables has a 52 week low of C$2.30 and a 52 week 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.