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

Shares of Tidewater Renewables Ltd. (TSE:LCFS) have been given an average rating of “Hold” by the six analysts that are covering the company, Marketbeat Ratings reports. One 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 brokers that have updated their coverage on the stock in the last year is C$6.68.

Separately, ATB Capital lowered their target price on 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 Performance

Shares of Tidewater Renewables stock opened at C$0.72 on Thursday. The business has a 50-day simple moving average of C$1.28 and a 200 day simple moving average of C$3.92. The firm has a market capitalization of C$25.11 million, a price-to-earnings ratio of -2.48 and a beta of 1.36. The company has a debt-to-equity ratio of 60.43, a current ratio of 0.30 and a quick ratio of 0.10. Tidewater Renewables has a one year low of C$0.65 and a one year high of C$9.20.

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.