Tidewater Renewables (TSE:LCFS) Hits New 52-Week High – What’s Next?

Tidewater Renewables Ltd. (TSE:LCFS) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$16.48 and last traded at C$16.40, with a volume of 13573 shares traded. The stock had previously closed at C$16.03.

Analyst Ratings Changes

A number of analysts have recently commented on LCFS shares. Royal Bank Of Canada lifted their price target on Tidewater Renewables from C$7.50 to C$12.50 and gave the company a “sector perform” rating in a research note on Friday, May 8th. National Bank Financial upped their price objective on Tidewater Renewables from C$8.00 to C$13.25 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Finally, ATB Cormark Capital Markets raised their price objective on shares of Tidewater Renewables from C$8.00 to C$12.00 and gave the company a “speculative buy” rating in a report on Friday, May 8th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$12.58.

Tidewater Renewables Trading Up 3.7%

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 company has a market cap of C$607.39 million, a price-to-earnings ratio of 75.59 and a beta of -0.46. The business’s fifty day moving average price is C$12.64 and its 200 day moving average price is C$8.72.

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.