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

Shares of The Lion Electric Company (TSE:LEV) have been given a consensus rating of “Hold” by the six brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$0.82.

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

Lion Electric Stock Down 17.2 %

Shares of LEV opened at C$0.48 on Friday. The firm’s 50-day simple moving average is C$0.92 and its 200 day simple moving average is C$1.12. The company has a debt-to-equity ratio of 118.61, a quick ratio of 1.33 and a current ratio of 2.49. The firm has a market cap of C$108.59 million, a P/E ratio of -0.68 and a beta of 2.59. Lion Electric has a 52 week low of C$0.44 and a 52 week high of C$2.67.

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 distributes truck and bus parts, as well as accessories.