Tidewater Renewables Ltd. (TSE:LCFS) Receives Average Rating of "Hold" from Brokerages

Shares of Tidewater Renewables Ltd. (TSE:LCFS - Get Free Report) have been given a consensus recommendation of "Hold" by the five research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$3.95.

Several equities analysts have weighed in on LCFS shares. Royal Bank of Canada increased their target price on Tidewater Renewables from C$5.00 to C$5.50 and gave the company a "sector perform" rating in a research note on Monday, January 13th. CIBC increased their target price on Tidewater Renewables from C$3.00 to C$3.25 and gave the company a "neutral" rating in a research note on Friday, March 28th. ATB Capital raised their price target on Tidewater Renewables from C$3.00 to C$4.00 and gave the stock a "speculative buy" rating in a research report on Friday, March 28th. Finally, Acumen Capital boosted their price objective on Tidewater Renewables from C$2.25 to C$3.50 and gave the company a "hold" rating in a research report on Friday, March 28th.

Tidewater Renewables Trading Up 2.7 %

TSE:LCFS traded up C$0.08 during mid-day trading on Wednesday, hitting C$3.07. The company had a trading volume of 5,568 shares, compared to its average volume of 47,882. Tidewater Renewables has a fifty-two week low of C$0.58 and a fifty-two week high of C$9.00. The business's fifty day moving average is C$2.48 and its two-hundred day moving average is C$1.57. The company has a debt-to-equity ratio of 114.04, a quick ratio of 0.10 and a current ratio of 1.15. The firm has a market cap of C$106.89 million, a P/E ratio of -0.28 and a beta of 1.36.

About Tidewater Renewables

Tidewater Renewables Ltd has been formed to become a multi-faceted, energy transition company. It is focused on the production of low carbon fuels, including renewable diesel, renewable hydrogen and renewable natural gas, as well as carbon capture. The corporation generates revenue from the sale of renewable products.