Tidewater Renewables (TSE:LCFS) Price Target Raised to C$3.50

Tidewater Renewables (TSE:LCFS) had its price objective hoisted by Acumen Capital from C$2.25 to C$3.50 in a report released on Friday,BayStreet.CA reports. The firm currently has a hold rating on the stock.

A number of other equities analysts have also commented on the company. Royal Bank of Canada lifted their price objective on Tidewater Renewables from C$5.00 to C$5.50 and gave the stock a “sector perform” rating in a research note on Monday, January 13th. ATB Capital raised their price target on shares of Tidewater Renewables from C$3.00 to C$4.00 and gave the stock a “speculative buy” rating in a report on Friday. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$4.79.

Tidewater Renewables Stock Up 8.1 %

Shares of LCFS opened at C$3.34 on Friday. The stock’s 50-day moving average price is C$1.43 and its two-hundred day moving average price is C$1.42. Tidewater Renewables has a 12 month low of C$0.58 and a 12 month high of C$9.00. The company has a market capitalization of C$116.29 million, a PE ratio of -0.31 and a beta of 1.36. The company has a current ratio of 1.15, a quick ratio of 0.10 and a debt-to-equity ratio of 114.04.

About Tidewater Renewables

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.