Tidewater Renewables (TSE:LCFS) Stock Gets Price Target Boost from Royal Bank Of Canada

Tidewater Renewables (TSE:LCFS) had its price objective upped by investment analysts at Royal Bank Of Canada from C$25.00 to C$31.00 in a research note issued on Friday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada‘s price objective suggests a potential upside of 33.51% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. National Bank Financial increased their price objective on shares of Tidewater Renewables from C$13.25 to C$22.75 and gave the company an “outperform” rating in a research report on Friday, August 14th. ATB Cormark Capital Markets upped their target price on shares of Tidewater Renewables from C$19.00 to C$21.00 and gave the company a “speculative buy” rating in a research report on Friday, October 23rd. Three equities research analysts have rated the stock with a Buy rating. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$24.92.

Tidewater Renewables Price Performance

TSE:LCFS traded up C$0.44 during trading hours on Friday, reaching C$23.22. The stock had a trading volume of 15,134 shares, compared to its average volume of 22,121. The company has a debt-to-equity ratio of 109.35, a quick ratio of 0.10 and a current ratio of 1.13. Tidewater Renewables has a 52 week low of C$3.39 and a 52 week high of C$25.80. The company has a 50 day moving average price of C$21.34 and a two-hundred day moving average price of C$13.50. The stock has a market capitalization of C$848.37 million, a PE ratio of 94.05 and a beta of -1.57.

Tidewater Renewables (TSE:LCFS) last posted its earnings results on Thursday, November 12th. The company reported C($0.43) EPS for the quarter. Tidewater Renewables had a net margin of 0.09% and a return on equity of 0.20%. The firm had revenue of C$239.90 million for the quarter. As a group, sell-side analysts anticipate that Tidewater Renewables will post 0.15 earnings per share for the current fiscal year.

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.