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

by · The Cerbat Gem

Shares of Tidewater Renewables Ltd. (TSE:LCFS – Get Free Report) have been given an average rating of “Hold” by the six research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$8.34.

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

View Our Latest Stock Analysis on Tidewater Renewables

Tidewater Renewables Stock Down 3.5 %

Shares of LCFS stock opened at C$1.91 on Friday. Tidewater Renewables has a fifty-two week low of C$1.80 and a fifty-two week high of C$9.20. 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 market capitalization of C$66.62 million, a PE ratio of -6.59 and a beta of 1.36. The stock’s 50-day simple moving average is C$3.81 and its 200-day simple moving average is C$6.27.

Tidewater Renewables Company Profile

(Get Free Report

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.

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