Tidewater Renewables (TSE:LCFS) Price Target Raised to C$3.25 at CIBC

Tidewater Renewables (TSE:LCFS) had its price target boosted by CIBC from C$3.00 to C$3.25 in a research report report published on Friday,BayStreet.CA reports. They currently have a neutral rating on the stock.

Other equities research analysts have also issued research reports about the company. Acumen Capital increased their price target on Tidewater Renewables from C$2.25 to C$3.50 and gave the company a “hold” rating in a research report on Friday. ATB Capital raised their target price on shares of Tidewater Renewables from C$3.00 to C$4.00 and gave the company a “speculative buy” rating in a report on Friday. Finally, Royal Bank of Canada boosted their price target on shares of 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 issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$4.79.

Tidewater Renewables Trading Up 8.1 %

Shares of LCFS stock opened at C$3.34 on Friday. The stock has a market capitalization of C$116.29 million, a P/E ratio of -0.31 and a beta of 1.36. Tidewater Renewables has a fifty-two week low of C$0.58 and a fifty-two week high of C$9.00. 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 company has a 50 day moving average price of C$1.43 and a 200 day moving average price of C$1.44.

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.