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Tidewater Renewables Ltd. (TSE:LCFS) Given Average Recommendation of "Hold" by Brokerages

Tidewater Renewables logo with Utilities background

Shares of Tidewater Renewables Ltd. (TSE:LCFS - Get Free Report) have earned an average recommendation of "Hold" from the six research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$4.79.

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

Check Out Our Latest Stock Report on LCFS

Tidewater Renewables Stock Performance

Shares of LCFS stock opened at C$3.00 on Wednesday. The company has a market cap of C$104.45 million, a P/E ratio of -0.27 and a beta of 1.36. The firm has a fifty day moving average price of C$2.29 and a 200 day moving average price of C$1.54. 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 12 month low of C$0.58 and a 12 month high of C$9.00.

Tidewater Renewables Company Profile

(Get Free Report

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.

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Analyst Recommendations for Tidewater Renewables (TSE:LCFS)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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