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

Tidewater Renewables Ltd. (TSE:LCFS) has been assigned an average recommendation of “Hold” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$6.68.

Separately, ATB Capital dropped their target price on shares of Tidewater Renewables from C$5.00 to C$3.00 and set a “speculative buy” rating on the stock in a research report on Friday, November 15th.

Tidewater Renewables Stock Up 2.9 %

LCFS opened at C$0.72 on Thursday. Tidewater Renewables has a fifty-two week low of C$0.65 and a fifty-two week high of C$9.20. The firm has a market capitalization of C$25.11 million, a P/E ratio of -2.48 and a beta of 1.36. The company’s 50-day moving average is C$1.28 and its 200 day moving average is C$3.92. The company has a debt-to-equity ratio of 60.43, a current ratio of 0.30 and a quick ratio of 0.10.

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.