ATB Cormark Capital Markets Increases Tidewater Renewables (TSE:LCFS) Price Target to C$8.00

Tidewater Renewables (TSE:LCFS) had its price objective upped by equities researchers at ATB Cormark Capital Markets from C$5.00 to C$8.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has a “speculative buy” rating on the stock. ATB Cormark Capital Markets’ price objective indicates a potential upside of 14.29% from the stock’s current price.

Tidewater Renewables Trading Up 5.7%

Shares of Tidewater Renewables stock traded up C$0.38 during trading hours on Friday, hitting C$7.00. The company’s stock had a trading volume of 33,643 shares, compared to its average volume of 8,386. The business has a fifty day moving average of C$5.27 and a 200 day moving average of C$4.56. Tidewater Renewables has a 1-year low of C$2.13 and a 1-year high of C$7.28. 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 has a market capitalization of C$254.90 million, a PE ratio of 14.58 and a beta of 0.23.

Tidewater Renewables Company Profile

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.