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

Tidewater Renewables (TSE:LCFS) had its price objective lifted by Royal Bank of Canada from C$5.00 to C$5.50 in a report published on Monday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

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

Tidewater Renewables Stock Up 1.3 %

Shares of TSE LCFS opened at C$0.80 on Monday. The stock has a market capitalization of C$27.90 million, a P/E ratio of -2.76 and a beta of 1.36. The stock’s fifty day moving average is C$0.99 and its 200 day moving average is C$3.25. Tidewater Renewables has a 52 week low of C$0.65 and a 52 week high of C$9.15. The company has a debt-to-equity ratio of 60.43, a quick ratio of 0.10 and a current ratio of 0.30.

About Tidewater Renewables

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.