Tidewater Renewables (TSE:LCFS) Given New C$5.50 Price Target at Royal Bank of Canada

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

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

Tidewater Renewables Stock Performance

Shares of LCFS stock opened at C$0.81 on Monday. The company has a market capitalization of C$28.25 million, a price-to-earnings ratio of -2.79 and a beta of 1.36. The company has a debt-to-equity ratio of 60.43, a quick ratio of 0.10 and a current ratio of 0.30. Tidewater Renewables has a one year low of C$0.65 and a one year high of C$9.15. The company’s 50-day moving average is C$0.97 and its 200 day moving average is C$3.20.

Tidewater Renewables Company Profile

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.