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

Tidewater Renewables (TSE:LCFS) had its target price raised by ATB Capital from C$3.00 to C$4.00 in a research report released on Friday morning,BayStreet.CA reports. They currently have a speculative buy rating on the stock.

Separately, Royal Bank of Canada increased their target price on shares of Tidewater Renewables from C$5.00 to C$5.50 and gave the stock a “sector perform” rating in a report on Monday, January 13th. One equities research 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$4.79.

Tidewater Renewables Price Performance

Shares of LCFS stock opened at C$3.34 on Friday. Tidewater Renewables has a 52-week low of C$0.58 and a 52-week high of C$9.00. The company has a debt-to-equity ratio of 114.04, a quick ratio of 0.10 and a current ratio of 1.15. The stock has a market cap of C$116.29 million, a PE ratio of -0.31 and a beta of 1.36. The firm’s 50 day moving average price is C$1.43 and its two-hundred day moving average price is C$1.42.

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.