Tidewater Renewables (TSE:LCFS) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Tidewater Renewables (TSE:LCFS) had its price target upped by Royal Bank of Canada from C$5.00 to C$5.50 in a research note released on Monday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Separately, ATB Capital reduced their price target on Tidewater Renewables from C$5.00 to C$3.00 and set a “speculative buy” rating on the stock in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$5.75.

Tidewater Renewables Stock Performance

Tidewater Renewables stock opened at C$0.81 on Monday. Tidewater Renewables has a fifty-two week low of C$0.65 and a fifty-two week high of C$9.14. The stock’s 50 day simple moving average is C$0.97 and its two-hundred day simple moving average is C$3.20. The company has a debt-to-equity ratio of 60.43, a quick ratio of 0.10 and a current ratio of 0.30. The stock has a market cap of C$28.25 million, a price-to-earnings ratio of -2.79 and a beta of 1.36.

About Tidewater Renewables

Tidewater Renewables Ltd. engages in production of renewable fuel in North America. It intends to focus on the production of low carbon fuels, including renewable diesel, renewable hydrogen, and renewable natural gas, as well as carbon capture. The company intends to supply low carbon fuels to investment grade counterparties, existing customers, government entities, Indigenous groups, and others in the transportation, utilities, refining, marketing, and power industries.