Analysts Set Tidewater Renewables Ltd. (TSE:LCFS) PT at C$8.34

Shares of Tidewater Renewables Ltd. (TSE:LCFS) have received a consensus recommendation of “Hold” from the six analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$8.34.

A number of research firms have weighed in on LCFS. CIBC downgraded Tidewater Renewables from an “outperform” rating to a “neutral” rating and lowered their target price for the company from C$12.00 to C$4.50 in a 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 objective for the stock from C$13.75 to C$4.75 in a research note on Monday, August 19th. National Bankshares downgraded shares of Tidewater Renewables from a “sector perform” rating to an “underperform” rating and dropped their price objective for the stock from C$12.00 to C$3.50 in a report on Friday, August 16th. Finally, ATB Capital reduced their target price on shares of Tidewater Renewables from C$14.00 to C$8.00 and set an “outperform” rating for the company in a report on Friday, August 16th.

Tidewater Renewables Price Performance

TSE LCFS opened at C$1.95 on Wednesday. The stock has a market capitalization of C$68.02 million, a price-to-earnings ratio of -6.72 and a beta of 1.36. Tidewater Renewables has a 1-year low of C$1.80 and a 1-year high of C$9.20. The company has a debt-to-equity ratio of 60.43, a current ratio of 0.30 and a quick ratio of 0.10. The business’s fifty day moving average price is C$2.17 and its 200-day moving average price is C$5.67.

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.