Lion Electric (TSE:LEV) Cut to Hold at DA Davidson

DA Davidson lowered shares of Lion Electric (TSE:LEV) from a strong-buy rating to a hold rating in a report released on Monday morning, Zacks.com reports.

Other analysts also recently issued research reports about the company. B. Riley raised Lion Electric to a strong-buy rating in a research note on Tuesday, June 25th. Desjardins decreased their target price on Lion Electric from C$1.50 to C$1.00 and set a hold rating on the stock in a research note 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 on the stock in a research note on Thursday, August 1st. Roth Capital downgraded Lion Electric from a strong-buy rating to a hold rating in a research note on Wednesday, July 31st. Finally, National Bank Financial downgraded Lion Electric from a sec perform spec market wgt rating to an underperform spec market wgt rating in a research note on Wednesday, May 8th. 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 to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average target price of C$0.82.

Lion Electric Stock Down 1.2 %

Shares of LEV opened at C$0.80 on Monday. The business’s 50 day moving average is C$1.20 and its 200 day moving average is C$1.58. The company has a market capitalization of C$180.98 million, a PE ratio of -1.19 and a beta of 2.74. Lion Electric has a 12-month low of C$0.75 and a 12-month high of C$3.13. The company has a current ratio of 2.65, a quick ratio of 1.33 and a debt-to-equity ratio of 104.69.

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.