Tidewater Renewables (TSE:LCFS) Hits New 12-Month High – Should You Buy?

Tidewater Renewables Ltd. (TSE:LCFS)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$9.99 and last traded at C$9.87, with a volume of 14318 shares traded. The stock had previously closed at C$9.80.

Analysts Set New Price Targets

Separately, ATB Cormark Capital Markets lifted their target price on Tidewater Renewables from C$5.00 to C$8.00 and gave the stock a “speculative buy” rating in a report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$8.00.

Tidewater Renewables Trading Up 1.5%

The business has a 50-day simple moving average of C$7.32 and a two-hundred day simple moving average of C$5.26. The stock has a market cap of C$399.53 million, a price-to-earnings ratio of 121.67 and a beta of -0.26. The company has a debt-to-equity ratio of 128.35, a current ratio of 1.38 and a quick ratio of 0.10.

Tidewater Renewables Company Profile

Tidewater Renewables is a multi-faceted, energy transition company. The Corporation is focused on the production of low carbon fuels, including renewable diesel and sustainable aviation fuel. The Corporation was created in response to the growing demand for renewable fuels in North America and to capitalize on its potential to efficiently turn a wide variety of renewable feedstocks (such as canola oil, soybean oil, used cooking oil, distillers corn oil, tallow, and other biomasses) into low carbon fuels.