Lion Electric (LEV) – Investment Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Lion Electric (TSE: LEV) in the last few weeks:

• 8/1/2024 – Lion Electric had its price target lowered by analysts at National Bankshares, Inc. from C$1.00 to C$0.80. They now have an “underperform” rating on the stock.
• 8/1/2024 – Lion Electric had its price target lowered by analysts at CIBC from C$1.15 to C$0.65. They now have a “neutral” rating on the stock.
• 8/1/2024 – Lion Electric had its price target lowered by analysts at Desjardins from C$1.50 to C$1.00. They now have a “hold” rating on the stock.
• 7/31/2024 – Lion Electric was downgraded by analysts at Roth Capital from a “strong-buy” rating to a “hold” rating.
• 6/25/2024 – Lion Electric was upgraded by analysts at B. Riley to a “strong-buy” rating.

Lion Electric Stock Up 3.9 %

TSE LEV traded up C$0.03 on Tuesday, hitting C$0.79. The stock had a trading volume of 372,550 shares, compared to its average volume of 348,352. The stock has a market cap of C$178.71 million, a price-to-earnings ratio of -1.18 and a beta of 2.74. The company has a debt-to-equity ratio of 104.69, a current ratio of 2.65 and a quick ratio of 1.33. The Lion Electric Company has a 52-week low of C$0.75 and a 52-week high of C$3.15. The business’s fifty day moving average price is C$1.23 and its 200 day moving average price is C$1.59.

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.