CIBC Forecasts Strong Price Appreciation for Tidewater Renewables (TSE:LCFS) Stock

Tidewater Renewables (TSE:LCFS) had its price objective hoisted by research analysts at CIBC from C$3.00 to C$3.25 in a report released on Friday,BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s target price suggests a potential downside of 2.99% from the stock’s previous close.

LCFS has been the subject of several other reports. Royal Bank of Canada increased their price target on shares of Tidewater Renewables from C$5.00 to C$5.50 and gave the stock a “sector perform” rating in a research note on Monday, January 13th. Acumen Capital increased their target price on shares of Tidewater Renewables from C$2.25 to C$3.50 and gave the stock a “hold” rating in a research report on Friday. Finally, ATB Capital boosted their price target on Tidewater Renewables from C$3.00 to C$4.00 and gave the stock a “speculative buy” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Tidewater Renewables has a consensus rating of “Hold” and a consensus target price of C$4.79.

Tidewater Renewables Stock Up 8.4 %

Shares of TSE LCFS traded up C$0.26 during trading hours on Friday, hitting C$3.35. The stock had a trading volume of 44,663 shares, compared to its average volume of 58,295. The company has a market capitalization of C$116.64 million, a P/E ratio of -0.31 and a beta of 1.36. The firm’s 50-day moving average price is C$1.38 and its two-hundred day moving average price is C$1.43. The company has a debt-to-equity ratio of 114.04, a quick ratio of 0.10 and a current ratio of 1.15. Tidewater Renewables has a 52 week low of C$0.58 and a 52 week high of C$9.00.

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.