Lion Electric (NYSE:LEV – Free Report) had its price objective cut by Barclays from $3.00 to $2.00 in a research note issued to investors on Tuesday, Benzinga reports. They currently have an equal weight rating on the stock.
Several other research analysts also recently issued reports on LEV. BMO Capital Markets upped their price target on shares of Lion Electric from $2.00 to $2.35 and gave the stock a market perform rating in a research report on Friday, August 4th. National Bankshares lowered shares of Lion Electric from an outperform rating to a sector perform rating and set a $2.75 target price on the stock. in a research report on Friday, August 4th. DA Davidson lowered their price target on shares of Lion Electric from $4.00 to $3.00 in a report on Monday, August 7th. National Bank Financial downgraded Lion Electric from an outperform spec market weight rating to a sec perform spec market wgt rating in a report on Tuesday, November 7th. Finally, CIBC decreased their price objective on Lion Electric from $3.75 to $3.50 and set a neutral rating on the stock in a research report on Friday, August 4th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Lion Electric has a consensus rating of Hold and an average price target of $3.49.
Lion Electric Trading Up 6.7 %
Institutional Investors Weigh In On Lion Electric
A number of institutional investors have recently made changes to their positions in the stock. HBK Sorce Advisory LLC bought a new position in Lion Electric during the first quarter worth about $32,000. XTX Topco Ltd acquired a new stake in shares of Lion Electric in the 1st quarter valued at approximately $96,000. Prelude Capital Management LLC bought a new position in Lion Electric during the 2nd quarter worth approximately $52,000. Legal & General Group Plc grew its holdings in Lion Electric by 70.6% during the fourth quarter. Legal & General Group Plc now owns 13,880 shares of the company’s stock valued at $31,000 after purchasing an additional 5,744 shares during the period. Finally, Bayesian Capital Management LP bought a new stake in Lion Electric in the first quarter valued at approximately $26,000. 51.06% of the stock is owned by institutional investors and hedge funds.
About Lion Electric
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 also distributes truck and bus parts, as well as accessories.
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