Tidewater Renewables (TSE:LCFS) Stock Price Expected to Rise, Acumen Capital Analyst Says

Tidewater Renewables (TSE:LCFS) had its price target boosted by analysts at Acumen Capital from C$2.25 to C$3.50 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Acumen Capital’s target price indicates a potential upside of 4.48% from the company’s current price.

LCFS has been the topic of several other research reports. Royal Bank of Canada upped 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 report on Monday, January 13th. ATB Capital increased 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 assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$4.79.

Tidewater Renewables Stock Performance

Shares of LCFS traded up C$0.26 during mid-day trading on Friday, reaching C$3.35. The company had a trading volume of 44,663 shares, compared to its average volume of 58,295. The stock has a market capitalization of C$116.64 million, a P/E ratio of -0.31 and a beta of 1.36. Tidewater Renewables has a 52-week low of C$0.58 and a 52-week high of C$9.00. The stock has a 50 day moving average of C$1.38 and a two-hundred day moving average of C$1.43. The company has a quick ratio of 0.10, a current ratio of 1.15 and a debt-to-equity ratio of 114.04.

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.