Tidewater Renewables (TSE:LCFS) Stock Price Expected to Rise, CIBC Analyst Says

Tidewater Renewables (TSE:LCFS) had its price target boosted by investment analysts at CIBC from C$3.00 to C$3.25 in a research note issued on Friday,BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s price objective would suggest a potential downside of 2.69% from the company’s previous close.

A number of other equities research analysts also recently issued reports on LCFS. Royal Bank of Canada boosted their price target on Tidewater Renewables from C$5.00 to C$5.50 and gave the company a “sector perform” rating in a research note on Monday, January 13th. ATB Capital raised their price objective on shares of Tidewater Renewables from C$3.00 to C$4.00 and gave the stock a “speculative buy” rating in a report on Friday. Finally, Acumen Capital upped 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 report on Friday. 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$4.79.

Tidewater Renewables Stock Up 8.1 %

Tidewater Renewables stock opened at C$3.34 on Friday. The firm has a market cap of C$116.29 million, a price-to-earnings ratio of -0.31 and a beta of 1.36. The company has a current ratio of 1.15, a quick ratio of 0.10 and a debt-to-equity ratio of 114.04. Tidewater Renewables has a 12 month low of C$0.58 and a 12 month high of C$9.00. The stock has a fifty day simple moving average of C$1.43 and a two-hundred day simple moving average of C$1.43.

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.