Royal Bank Of Canada Boosts Tidewater Renewables to 'Outperform'
Tidewater Renewables (TSE:LCFS) received a boost from Royal Bank Of Canada, which upgraded its rating to 'Outperform' from 'Sector Perform'. This change is accompanied by a new price objective of C$25.00, marking a potential upside of 22.49% from the stock's previous close.
The upgrade comes as several other research analysts have also weighed in on the company, including ATB Cormark Capital Markets and National Bank Financial. These firms have raised their price targets for Tidewater Renewables to C$12.00 and C$13.25 respectively.
Tidewater Renewables has a market capitalization of C$745.45 million and a P/E ratio of 92.77. The company reported earnings per share (EPS) of C$0.13 for the quarter, with revenue of C$160.60 million. Analysts expect EPS of 0.15 for the current year.