CIBC Issues Positive Forecast for Tidewater Renewables (TSE:LCFS) Stock Price

Tidewater Renewables (TSE:LCFS - Free Report) 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. They currently have a neutral rating on the stock.

A number of other research firms have also recently commented on LCFS. Acumen Capital increased their target price on shares of Tidewater Renewables from C$2.25 to C$3.50 and gave the company a "hold" rating in a research report on Friday. Royal Bank of Canada increased their price objective on Tidewater Renewables from C$5.00 to C$5.50 and gave the company a "sector perform" rating in a report on Monday, January 13th. Finally, ATB Capital boosted their target price on Tidewater Renewables from C$3.00 to C$4.00 and gave the stock a "speculative buy" rating in a research note on Friday. One research 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. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of C$4.79.

Tidewater Renewables Stock Down 2.7 %

Shares of LCFS stock traded down C$0.09 during mid-day trading on Friday, hitting C$3.25. 25,650 shares of the stock traded hands, compared to its average volume of 58,060. Tidewater Renewables has a 52-week low of C$0.58 and a 52-week high of C$9.00. The stock has a market cap of C$113.16 million, a P/E ratio of -0.30 and a beta of 1.36. The company has a debt-to-equity ratio of 114.04, a current ratio of 1.15 and a quick ratio of 0.10. The stock's fifty day moving average is C$1.43 and its two-hundred day moving average is C$1.42.

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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.