Brokerages Set Tidewater Renewables Ltd. (TSE:LCFS) Target Price at C$5.75

Shares of Tidewater Renewables Ltd. (TSE:LCFS) have been given a consensus recommendation of “Hold” by the six research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$5.75.

Several research firms recently issued reports on LCFS. Royal Bank of Canada increased their target price on 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 decreased their target price on Tidewater Renewables from C$5.00 to C$3.00 and set a “speculative buy” rating on the stock in a research note on Friday, November 15th.

Tidewater Renewables Stock Performance

TSE LCFS opened at C$0.76 on Friday. The stock has a market cap of C$26.46 million, a PE ratio of -0.07 and a beta of 1.36. The company has a current ratio of 1.15, a quick ratio of 0.10 and a debt-to-equity ratio of 114.04. Tidewater Renewables has a twelve month low of C$0.64 and a twelve month high of C$9.00. The stock has a fifty day simple moving average of C$0.80 and a 200-day simple moving average of C$2.17.

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.