National Bank Financial Boosts Tidewater Renewables (TSE:LCFS) Price Target to C$22.75

Tidewater Renewables (TSE:LCFS – Get Free Report) had its target price boosted by National Bank Financial from C$13.25 to C$22.75 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective suggests a potential upside of 11.46% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Royal Bank Of Canada raised Tidewater Renewables from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$12.50 to C$25.00 in a research report on Friday. ATB Cormark Capital Markets increased their price target on shares of Tidewater Renewables from C$8.00 to C$12.00 and gave the company a “speculative buy” rating in a research report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$22.25.

Get Tidewater Renewables alerts:

Read Our Latest Research Report on LCFS

Tidewater Renewables Stock Up 5.3%

TSE:LCFS traded up C$1.02 during trading hours on Friday, reaching C$20.41. The company’s stock had a trading volume of 20,311 shares, compared to its average volume of 20,807. The stock has a 50 day moving average price of C$13.98 and a two-hundred day moving average price of C$9.94. The company has a debt-to-equity ratio of 120.55, a quick ratio of 0.10 and a current ratio of 1.13. The company has a market capitalization of C$745.45 million, a P/E ratio of 92.77 and a beta of -0.43. Tidewater Renewables has a 12 month low of C$2.71 and a 12 month high of C$20.64.

Tidewater Renewables (TSE:LCFS – Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported C$0.13 earnings per share (EPS) for the quarter. Tidewater Renewables had a return on equity of 5.00% and a net margin of 2.91%.The business had revenue of C$160.60 million for the quarter. Equities analysts predict that Tidewater Renewables will post 0.15 EPS for the current fiscal year.

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.

Read More

• Five stocks we like better than Tidewater Renewables
• Sony and TSMC’s $4.7 Billion Venture Is About More Than Camera Sensors
• Quantum Leaps: Debt-Free as AI Storage Demand Accelerates
• NVIDIA’s $500 Billion GPU Financing Deal Fuels Path Toward $270
• Sandisk’s Margins Look Like Software. Can They Last?

Receive News & Ratings for Tidewater Renewables Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tidewater Renewables and related companies with MarketBeat.com's FREE daily email newsletter.