ATB Capital Boosts Tidewater Renewables (TSE:LCFS) Price Target to C$4.00

Tidewater Renewables (TSE:LCFS) had its target price upped by stock analysts at ATB Capital from C$3.00 to C$4.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a “speculative buy” rating on the stock. ATB Capital’s price objective indicates a potential upside of 19.76% from the company’s previous close.

Separately, Royal Bank of Canada raised their target price on Tidewater Renewables from C$5.00 to C$5.50 and gave the stock a “sector perform” rating in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s 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 Performance

Shares of Tidewater Renewables stock opened at C$3.34 on Friday. The firm has a fifty day moving average of C$1.43 and a two-hundred day moving average of C$1.43. The company has a debt-to-equity ratio of 114.04, a quick ratio of 0.10 and a current ratio of 1.15. The stock has a market capitalization of C$116.29 million, a price-to-earnings ratio of -0.31 and a beta of 1.36. Tidewater Renewables has a 52 week low of C$0.58 and a 52 week high of C$9.00.

About Tidewater Renewables

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.