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

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

A number of equities research analysts recently weighed in on LCFS shares. National Bankshares downgraded Tidewater Renewables from a “sector perform” rating to an “underperform” rating and dropped their price objective for the company from C$12.00 to C$3.50 in a research report on Friday, August 16th. CIBC cut shares of Tidewater Renewables from an “outperform” rating to a “neutral” rating and lowered their price target for the company from C$12.00 to C$4.50 in a report on Friday, August 16th. Acumen Capital downgraded shares of Tidewater Renewables from a “speculative buy” rating to a “hold” rating and cut their price objective for the stock from C$13.75 to C$4.75 in a research report on Monday, August 19th. Finally, ATB Capital decreased 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 research report on Friday, August 16th.

Tidewater Renewables Stock Up 6.9 %

Shares of TSE LCFS opened at C$2.01 on Friday. Tidewater Renewables has a 12-month low of C$1.80 and a 12-month high of C$9.20. The stock’s fifty day simple moving average is C$4.06 and its two-hundred day simple moving average is C$6.33. The stock has a market capitalization of C$70.11 million, a PE ratio of -6.93 and a beta of 1.45. The company has a current ratio of 0.30, a quick ratio of 0.10 and a debt-to-equity ratio of 60.43.

About Tidewater Renewables

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.