Tidewater Renewables (TSE:LCFS) Sets New 12-Month High – Still a Buy?

Tidewater Renewables Ltd. (TSE:LCFS – Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as C$13.50 and last traded at C$13.33, with a volume of 38517 shares trading hands. The stock had previously closed at C$12.85.

Analysts Set New Price Targets

LCFS has been the subject of a number of recent research reports. National Bank Financial raised their price target on Tidewater Renewables from C$8.00 to C$13.25 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. ATB Cormark Capital Markets increased their price objective on Tidewater Renewables from C$8.00 to C$12.00 and gave the stock a “speculative buy” rating in a report on Friday, May 8th. Finally, Royal Bank Of Canada raised their price objective 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, May 8th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Tidewater Renewables presently has a consensus rating of “Hold” and a consensus price target of C$12.58.

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Tidewater Renewables Price Performance

The company has a debt-to-equity ratio of 120.55, a current ratio of 1.13 and a quick ratio of 0.10. The stock has a market capitalization of C$505.86 million, a P/E ratio of 62.95 and a beta of -0.46. The stock’s fifty day moving average is C$11.73 and its 200-day moving average is C$7.88.

Tidewater Renewables Company Profile

(Get Free Report)

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.

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