Tidewater Renewables (TSE:LCFS) Price Target Raised to C$8.00

Tidewater Renewables (TSE:LCFS) had its price objective lifted by ATB Cormark Capital Markets from C$5.00 to C$8.00 in a report published on Friday morning,BayStreet.CA reports. ATB Cormark Capital Markets currently has a speculative buy rating on the stock.

Tidewater Renewables Trading Up 5.6%

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

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.