CIBC Increases Tidewater Renewables (TSE:LCFS) Price Target to C$15.00

Tidewater Renewables (TSE:LCFS) had its price objective hoisted by investment analysts at CIBC from C$14.00 to C$15.00 in a research report issued on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock.

A number of other research firms also recently weighed in on LCFS. Cormark decreased their price target on shares of Tidewater Renewables from C$16.50 to C$15.75 in a research report on Friday. Pi Financial cut their target price on Tidewater Renewables from C$16.00 to C$15.00 in a research note on Friday. Finally, Stifel Nicolaus cut their target price on Tidewater Renewables from C$10.75 to C$10.00 in a research note on Tuesday, October 24th.

Tidewater Renewables Price Performance

The company has a debt-to-equity ratio of 58.25, a current ratio of 1.17 and a quick ratio of 0.10. Tidewater Renewables has a 1 year low of C$6.52 and a 1 year high of C$13.26. The firm has a 50-day moving average price of C$7.91 and a 200 day moving average price of C$8.11. The firm has a market capitalization of C$254.92 million, a P/E ratio of -17.48 and a beta of 1.41.

Tidewater Renewables Company Profile

Tidewater Renewables Ltd. engages in production of renewable fuel in North America. It intends to focus on the production of low carbon fuels, including renewable diesel, renewable hydrogen, and renewable natural gas, as well as carbon capture. The company intends to supply low carbon fuels to investment grade offtakers, existing customers, government entities, and others industries.