ATB Capital Issues Positive Forecast for Tidewater Renewables (TSE:LCFS) Stock Price

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

Separately, Royal Bank of Canada raised 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 research note on Monday, January 13th. One 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 data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$4.79.

Tidewater Renewables Stock Up 8.1 %

LCFS stock opened at C$3.34 on Friday. The company has a debt-to-equity ratio of 114.04, a current ratio of 1.15 and a quick ratio of 0.10. 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 business has a 50-day moving average of C$1.43 and a 200-day moving average of C$1.43.

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.