The Lion Electric Company (TSE:LEV) Receives Average Rating of “Hold” from Brokerages

The Lion Electric Company (TSE:LEV) has been given an average rating of “Hold” by the six research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$0.82.

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

Lion Electric Stock Performance

Shares of LEV opened at C$0.48 on Friday. The company has a current ratio of 2.49, a quick ratio of 1.33 and a debt-to-equity ratio of 118.61. The stock has a 50-day moving average price of C$0.87 and a 200-day moving average price of C$1.09. The company has a market cap of C$108.59 million, a PE ratio of -0.68 and a beta of 2.59. Lion Electric has a 12-month low of C$0.44 and a 12-month high of C$2.67.

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.