Tidewater Renewables (TSE:LCFS) Stock Price Expected to Rise, ATB Cormark Capital Markets Analyst Says

Tidewater Renewables (TSE:LCFS) had its target price hoisted by analysts at ATB Cormark Capital Markets from C$5.00 to C$8.00 in a report released on Friday,BayStreet.CA reports. The brokerage presently has a “speculative buy” rating on the stock. ATB Cormark Capital Markets’ price objective points to a potential upside of 14.45% from the company’s previous close.

Tidewater Renewables Stock Performance

Shares of TSE:LCFS opened at C$6.99 on Friday. The company has a quick ratio of 0.10, a current ratio of 1.29 and a debt-to-equity ratio of 110.46. The company’s 50 day moving average price is C$5.32 and its two-hundred day moving average price is C$4.59. Tidewater Renewables has a 12-month low of C$2.13 and a 12-month high of C$7.28. The firm has a market cap of C$254.53 million, a PE ratio of 14.56 and a beta of 0.23.

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.