Tidewater Renewables (TSE:LCFS) Given New C$12.00 Price Target at ATB Cormark Capital Markets

Tidewater Renewables (TSE:LCFS) had its price target upped by ATB Cormark Capital Markets from C$8.00 to C$12.00 in a research note published on Friday,BayStreet.CA reports. They currently have a speculative buy rating on the stock.

Separately, Royal Bank Of Canada boosted their price objective on shares of Tidewater Renewables from C$7.50 to C$12.50 and gave the stock a “sector perform” rating in a research note on Friday. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$12.58.

Tidewater Renewables Price Performance

LCFS opened at C$10.55 on Friday. The company has a quick ratio of 0.10, a current ratio of 1.38 and a debt-to-equity ratio of 128.35. Tidewater Renewables has a 52-week low of C$2.14 and a 52-week high of C$11.95. The company has a 50 day moving average of C$7.64 and a two-hundred day moving average of C$5.41. The company has a market cap of C$384.94 million, a P/E ratio of 117.22 and a beta of -0.16.

About Tidewater Renewables

Tidewater Renewables is a multi-faceted, energy transition company. The Corporation is focused on the production of low carbon fuels, including renewable diesel and sustainable aviation fuel. The Corporation was created in response to the growing demand for renewable fuels in North America and to capitalize on its potential to efficiently turn a wide variety of renewable feedstocks (such as canola oil, soybean oil, used cooking oil, distillers corn oil, tallow, and other biomasses) into low carbon fuels.