Brokerages Set Tidewater Renewables Ltd. (TSE:LCFS) PT at C$6.68

Tidewater Renewables Ltd. (TSE:LCFS) has received a consensus recommendation of “Hold” from the six analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$5.75.

Several analysts have recently commented on the stock. Royal Bank of Canada raised their price objective on shares of Tidewater Renewables from C$5.00 to C$5.50 and gave the stock a “sector perform” rating in a research report on Monday, January 13th. ATB Capital reduced their price target on shares of Tidewater Renewables from C$5.00 to C$3.00 and set a “speculative buy” rating for the company in a report on Friday, November 15th.

Tidewater Renewables Stock Down 2.4 %

Tidewater Renewables stock opened at C$0.80 on Monday. The firm has a market cap of C$27.90 million, a price-to-earnings ratio of -2.76 and a beta of 1.36. Tidewater Renewables has a 52-week low of C$0.65 and a 52-week high of C$9.00. The company has a debt-to-equity ratio of 60.43, a quick ratio of 0.10 and a current ratio of 0.30. The firm has a 50 day moving average price of C$0.91 and a two-hundred day moving average price of C$3.09.

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.