Tidewater Renewables (TSE:LCFS) Reaches New 1-Year High – Should You Buy?

Tidewater Renewables Ltd. (TSE:LCFS)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$17.35 and last traded at C$17.35, with a volume of 1649 shares. The stock had previously closed at C$16.79.

Wall Street Analysts Forecast Growth

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

Tidewater Renewables Price Performance

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 firm has a market capitalization of C$638.07 million, a price-to-earnings ratio of 79.41 and a beta of -0.43. The stock has a 50 day moving average price of C$13.69 and a two-hundred day moving average price of C$9.75.

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.