The Lion Electric Company (TSE:LEV) Receives C$0.82 Consensus Price Target from Analysts

Shares of The Lion Electric Company (TSE:LEV) have received a consensus recommendation of “Hold” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$0.82.

LEV has been the topic of several analyst reports. Roth Capital downgraded shares of Lion Electric from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 31st. Desjardins decreased their price target on Lion Electric from C$1.50 to C$1.00 and set a “hold” rating for the company in a research note on Thursday, August 1st. CIBC cut 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. DA Davidson downgraded Lion Electric from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 12th. Finally, National Bankshares lowered their target price on shares of 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.

Lion Electric Price Performance

TSE LEV opened at C$0.51 on Friday. The company has a fifty day moving average of C$0.89 and a two-hundred day moving average of C$1.10. The firm has a market capitalization of C$115.37 million, a price-to-earnings ratio of -0.70 and a beta of 2.59. The company has a quick ratio of 1.33, a current ratio of 2.49 and a debt-to-equity ratio of 118.61. Lion Electric has a 52 week low of C$0.44 and a 52 week 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.