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

Tidewater Renewables (TSE:LCFS) had its target price upped by equities researchers at ATB Capital from C$3.00 to C$4.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a “speculative buy” rating on the stock. ATB Capital’s price objective indicates a potential upside of 19.40% from the company’s previous close.

Separately, Royal Bank of Canada boosted their price target on Tidewater Renewables from C$5.00 to C$5.50 and gave the company a “sector perform” rating in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Tidewater Renewables currently has a consensus rating of “Hold” and a consensus target price of C$4.79.

Tidewater Renewables Stock Up 8.4 %

LCFS stock traded up C$0.26 during mid-day trading on Friday, reaching C$3.35. The company had a trading volume of 44,663 shares, compared to its average volume of 58,295. Tidewater Renewables has a 52 week low of C$0.58 and a 52 week high of C$9.00. The company has a market capitalization of C$116.64 million, a price-to-earnings ratio of -0.31 and a beta of 1.36. 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 50 day simple moving average of C$1.38 and a two-hundred day simple moving average of C$1.43.

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.