National Bank Financial Boosts Tidewater Renewables (TSE:LCFS) Price Target to C$13.25

Tidewater Renewables (TSE:LCFS) had its target price hoisted by stock analysts at National Bank Financial from C$8.00 to C$13.25 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 26.07% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Royal Bank Of Canada boosted their price target on shares of Tidewater Renewables from C$7.50 to C$12.50 and gave the company a “sector perform” rating in a research report on Friday. ATB Cormark Capital Markets raised their price objective on shares of Tidewater Renewables from C$8.00 to C$12.00 and gave the stock a “speculative buy” rating in a report on Friday. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$12.58.

Tidewater Renewables Price Performance

Shares of TSE:LCFS traded down C$0.18 on Friday, hitting C$10.51. The stock had a trading volume of 55,456 shares, compared to its average volume of 14,253. The firm’s 50 day moving average price is C$7.64 and its 200-day moving average price 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. Tidewater Renewables has a twelve month low of C$2.14 and a twelve month high of C$11.95. The company has a market capitalization of C$383.48 million, a price-to-earnings ratio of 116.78 and a beta of -0.16.

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.