Tidewater Renewables (TSE:LCFS) Price Target Raised to C$12.50 at Royal Bank Of Canada

Tidewater Renewables (TSE:LCFS) had its price target raised by Royal Bank Of Canada from C$7.50 to C$12.50 in a research report report published on Friday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Separately, ATB Cormark Capital Markets increased their target price on shares of 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 analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Tidewater Renewables has a consensus rating of “Hold” and an average price target of C$12.58.

Tidewater Renewables Stock Down 1.3%

Shares of TSE:LCFS opened at C$10.55 on Friday. The stock has a market capitalization of C$384.94 million, a price-to-earnings ratio of 117.22 and a beta of -0.16. Tidewater Renewables has a 1-year low of C$2.14 and a 1-year high of C$11.95. The company’s fifty day moving average is C$7.64 and its two-hundred day moving average is C$5.41. The company has a debt-to-equity ratio of 128.35, a quick ratio of 0.10 and a current ratio of 1.38.

About Tidewater Renewables

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.