Analysts Set The Lion Electric Company (TSE:LEV) Price Target at C$0.82

Shares of The Lion Electric Company (TSE:LEV) have been assigned a consensus rating of “Hold” from the six brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$0.82.

A number of research analysts have recently issued reports on LEV shares. National Bankshares cut their price objective on shares of Lion Electric from C$1.00 to C$0.80 and set an “underperform” rating on the stock in a research report on Thursday, August 1st. Desjardins reduced their price target on Lion Electric from C$1.50 to C$1.00 and set a “hold” rating on the stock in a research report on Thursday, August 1st. CIBC lowered their price objective on Lion Electric from C$1.15 to C$0.65 and set a “neutral” rating for the company in a research report on Thursday, August 1st. DA Davidson lowered Lion Electric from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 12th. Finally, Roth Capital downgraded Lion Electric from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 31st.

Lion Electric Price Performance

Shares of LEV stock opened at C$0.51 on Friday. The stock’s 50-day moving average is C$0.89 and its 200 day moving average is C$1.10. Lion Electric has a 1-year low of C$0.44 and a 1-year high of C$2.67. The company has a debt-to-equity ratio of 118.61, a current ratio of 2.49 and a quick ratio of 1.33. The company has a market cap of C$115.37 million, a P/E ratio of -0.70 and a beta of 2.59.

Lion Electric Company Profile

The Lion Electric Company designs, develops, manufactures, and distributes purpose-built all-electric medium and heavy-duty urban vehicles in North America. The company's products include battery systems, chassis, bus bodies, and truck cabins. It distributes truck and bus parts, as well as accessories.