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

Tidewater Renewables (TSE:LCFS - Free Report) had its price objective raised by ATB Capital from C$3.00 to C$4.00 in a research report report published on Friday,BayStreet.CA reports. The brokerage currently has a speculative buy rating on the stock.

Separately, Royal Bank of Canada raised their price target 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Tidewater Renewables has an average rating of "Hold" and an average target price of C$4.79.

Tidewater Renewables Price Performance

TSE:LCFS traded down C$0.22 during trading hours on Friday, reaching C$3.03. The company had a trading volume of 23,542 shares, compared to its average volume of 57,504. The firm has a market capitalization of C$105.50 million, a PE ratio of -0.28 and a beta of 1.36. The stock has a 50-day moving average of C$1.48 and a two-hundred day moving average of C$1.42. Tidewater Renewables has a one year low of C$0.58 and a one year 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.

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.