Royal Bank of Canada Boosts Tidewater Renewables (TSE:LCFS) Price Target to C$5.50

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

Separately, ATB Capital decreased their price target on Tidewater Renewables from C$5.00 to C$3.00 and set a “speculative buy” rating for the company in a research report on Friday, November 15th. One 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. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$5.75.

Tidewater Renewables Trading Up 1.3 %

TSE:LCFS opened at C$0.80 on Monday. Tidewater Renewables has a 52 week low of C$0.65 and a 52 week high of C$9.15. The firm has a 50-day moving average price of C$0.99 and a two-hundred day moving average price of C$3.25. 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 firm has a market cap of C$27.90 million, a price-to-earnings ratio of -2.76 and a beta of 1.36.

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.