Tidewater Renewables Ltd. (TSE:LCFS) Receives Consensus Recommendation of "Hold" from Brokerages

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

A number of equities analysts have issued reports on LCFS shares. Royal Bank of Canada upped 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 report on Monday, January 13th. ATB Capital raised their price objective on shares of Tidewater Renewables from C$3.00 to C$4.00 and gave the stock a "speculative buy" 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 stock a "neutral" 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 report on Friday, March 28th.

Tidewater Renewables Stock Up 6.9 %

Tidewater Renewables stock traded up C$0.21 during midday trading on Friday, hitting C$3.24. 5,285 shares of the stock were exchanged, compared to its average volume of 56,673. The company has a debt-to-equity ratio of 114.04, a current ratio of 1.15 and a quick ratio of 0.10. The company has a 50 day moving average price of C$1.53 and a two-hundred day moving average price of C$1.42. The firm has a market cap of C$112.81 million, a P/E ratio of -0.30 and a beta of 1.36. Tidewater Renewables has a 1 year low of C$0.58 and a 1 year high of C$9.00.

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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.