Royal Bank Of Canada Issues Positive Forecast for Tidewater Renewables (TSE:LCFS) Stock Price

Tidewater Renewables (TSE:LCFS) had its price target upped by Royal Bank Of Canada from C$25.00 to C$31.00 in a research note published on Friday,BayStreet reports. They currently have an outperform rating on the stock.

Several other research firms have also recently weighed in on LCFS. ATB Cormark Capital Markets increased their price target on shares of Tidewater Renewables from C$19.00 to C$21.00 and gave the company a “speculative buy” rating in a report on Friday, October 23rd. National Bank Financial increased their price objective on shares of Tidewater Renewables from C$13.25 to C$22.75 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Three research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$24.92.

Tidewater Renewables Trading Up 3.0%

Shares of TSE:LCFS opened at C$23.47 on Friday. Tidewater Renewables has a 52-week low of C$3.39 and a 52-week high of C$25.80. The company has a debt-to-equity ratio of 82.45, a quick ratio of 0.10 and a current ratio of 0.88. The company has a market capitalization of C$857.50 million, a P/E ratio of 94.05 and a beta of -1.57. The company has a 50-day simple moving average of C$21.44 and a 200 day simple moving average of C$13.59.

Tidewater Renewables (TSE:LCFS) last released its quarterly earnings data on Thursday, November 12th. The company reported C($0.43) earnings per share (EPS) for the quarter. Tidewater Renewables had a negative net margin of 2.61% and a negative return on equity of 8.80%. The business had revenue of C$239.90 million during the quarter. Sell-side analysts forecast that Tidewater Renewables will post 0.15 earnings per share for the current year.

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.