Tidewater Renewables Ltd. (TSE:LCFS) Receives C$8.34 Average PT from Analysts

Shares of Tidewater Renewables Ltd. (TSE:LCFS - Get Free Report) have earned an average rating of "Hold" from the six ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$8.34.

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

Tidewater Renewables Price Performance

Shares of TSE:LCFS remained flat at C$1.90 during midday trading on Wednesday. The stock had a trading volume of 1,100 shares, compared to its average volume of 11,828. The stock's fifty day simple moving average is C$2.21 and its two-hundred day simple moving average is C$5.80. The company has a quick ratio of 0.10, a current ratio of 0.30 and a debt-to-equity ratio of 60.43. Tidewater Renewables has a 52 week low of C$1.80 and a 52 week high of C$9.20. The company has a market capitalization of C$66.27 million, a P/E ratio of -6.55 and a beta of 1.36.

Tidewater Renewables Company Profile

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.