Tidewater Renewables (TSE:LCFS) Price Target Raised to C$3.25

Tidewater Renewables (TSE:LCFS) had its price target upped by CIBC from C$3.00 to C$3.25 in a research report report published on Friday,BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

A number of other equities research analysts also recently commented on LCFS. Acumen Capital boosted their target price on Tidewater Renewables from C$2.25 to C$3.50 and gave the stock a “hold” rating in a research report on Friday. Royal Bank of Canada increased their target price on shares of Tidewater Renewables from C$5.00 to C$5.50 and gave the company a “sector perform” rating in a research note on Monday, January 13th. Finally, ATB Capital boosted their price objective on Tidewater Renewables from C$3.00 to C$4.00 and gave the company a “speculative buy” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$4.79.

Tidewater Renewables Price Performance

TSE:LCFS opened at C$3.34 on Friday. The business’s 50-day simple moving average is C$1.43 and its two-hundred day simple moving average is C$1.42. The stock has a market cap of C$116.29 million, a PE 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 company has a quick ratio of 0.10, a current ratio of 1.15 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.