Tidewater Renewables (TSE:LCFS) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Tidewater Renewables (TSE:LCFS) had its target price lifted by equities researchers at Royal Bank Of Canada from C$25.00 to C$31.00 in a research report issued on Friday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada‘s price target suggests a potential upside of 33.51% from the company’s current price.

Other equities research analysts also recently issued reports about the company. National Bank Financial increased their price target on Tidewater Renewables from C$13.25 to C$22.75 and gave the stock an “outperform” rating in a research report on Friday, August 14th. ATB Cormark Capital Markets boosted their target price on shares of Tidewater Renewables from C$19.00 to C$21.00 and gave the company a “speculative buy” rating in a research note on Friday, October 23rd. Three research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$24.92.

Tidewater Renewables Stock Performance

TSE LCFS traded up C$0.44 during trading hours on Friday, reaching C$23.22. The stock had a trading volume of 15,134 shares, compared to its average volume of 22,121. The stock has a fifty day moving average of C$21.34 and a 200 day moving average of C$13.50. The stock has a market cap of C$848.37 million, a P/E ratio of 94.05 and a beta of -1.57. Tidewater Renewables has a 52-week low of C$3.39 and a 52-week high of C$25.80. The company has a debt-to-equity ratio of 109.35, a quick ratio of 0.10 and a current ratio of 1.13.

Tidewater Renewables (TSE:LCFS) last posted its quarterly earnings results on Thursday, November 12th. The company reported C($0.43) earnings per share (EPS) for the quarter. Tidewater Renewables had a return on equity of 0.20% and a net margin of 0.09%. The business had revenue of C$239.90 million for the quarter. Sell-side analysts predict that Tidewater Renewables will post 0.15 earnings per share for the current year.

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.