Tidewater Renewables (TSE:LCFS) Price Target Raised to C$4.00

Tidewater Renewables (TSE:LCFS) had its price target raised by investment analysts at ATB Capital from C$3.00 to C$4.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has a “speculative buy” rating on the stock. ATB Capital’s target price would indicate a potential upside of 19.40% from the stock’s current price.

Separately, Royal Bank of Canada boosted their target price on 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$4.79.

Tidewater Renewables Price Performance

Shares of LCFS traded up C$0.26 during mid-day trading on Friday, hitting C$3.35. 44,663 shares of the company traded hands, compared to its average volume of 58,295. The company has a current ratio of 1.15, a quick ratio of 0.10 and a debt-to-equity ratio of 114.04. The business has a 50-day moving average of C$1.38 and a 200 day moving average of C$1.43. Tidewater Renewables has a one year low of C$0.58 and a one year high of C$9.00. The stock has a market capitalization of C$116.64 million, a price-to-earnings ratio of -0.31 and a beta of 1.36.

Tidewater Renewables Company Profile

Tidewater Renewables Ltd has been formed to become a multi-faceted, energy transition company. It is focused on the production of low carbon fuels, including renewable diesel, renewable hydrogen and renewable natural gas, as well as carbon capture. The corporation generates revenue from the sale of renewable products.