Shares of The Lion Electric Company (TSE:LEV - Get Free Report) have received a consensus rating of "Hold" from the six ratings firms that are covering the company, Marketbeat Ratings reports. One equities research 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 analysts that have covered the stock in the last year is C$0.82.
Several equities research analysts recently weighed in on the stock. CIBC reduced their price target on shares of 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 cut Lion Electric from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 12th. Desjardins dropped their price objective 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. National Bankshares decreased their target price on Lion Electric from C$1.00 to C$0.80 and set an "underperform" rating for the company in a research report on Thursday, August 1st. Finally, Roth Capital downgraded shares of Lion Electric from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 31st.
Get Our Latest Stock Report on Lion Electric
Lion Electric Stock Down 17.2 %
LEV stock traded down C$0.10 during trading on Friday, hitting C$0.48. 1,818,264 shares of the stock traded hands, compared to its average volume of 319,991. The firm's 50 day moving average is C$0.92 and its two-hundred day moving average is C$1.12. The stock has a market cap of C$108.59 million, a price-to-earnings ratio of -0.68 and a beta of 2.59. 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.
About Lion Electric
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Get Free ReportThe 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.
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