Tidewater Renewables (TSE:LCFS) Stock Price Expected to Rise, Acumen Capital Analyst Says

Tidewater Renewables (TSE:LCFS) had its price target boosted by Acumen Capital from C$2.25 to C$3.50 in a report released on Friday,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Other equities analysts have also issued reports about the company. Royal Bank of Canada upped their target price on Tidewater Renewables from C$5.00 to C$5.50 and gave the company a “sector perform” rating in a research report on Monday, January 13th. ATB Capital upped their price target 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$4.79.

Tidewater Renewables Trading Up 8.1 %

TSE:LCFS opened at C$3.34 on Friday. The stock has a market cap of C$116.29 million, a price-to-earnings ratio of -0.31 and a beta of 1.36. Tidewater Renewables has a one year low of C$0.58 and a one year 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 business’s 50-day simple moving average is C$1.43 and its 200 day simple moving average is C$1.44.

Tidewater Renewables Company Profile

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.