Analysts Set The Lion Electric Company (TSE:LEV) Price Target at C$0.82

Shares of The Lion Electric Company (TSE:LEV) have been assigned an average recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$0.82.

Several equities research analysts recently commented on LEV shares. National Bankshares cut 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 report on Thursday, August 1st. Roth Capital lowered shares of Lion Electric from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 31st. DA Davidson lowered shares of Lion Electric from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 12th. Desjardins decreased their price target on shares of 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. Finally, CIBC cut their price objective on shares of 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.

Lion Electric Stock Performance

TSE LEV opened at C$0.91 on Friday. Lion Electric has a twelve month low of C$0.75 and a twelve month high of C$2.71. The company has a quick ratio of 1.33, a current ratio of 2.49 and a debt-to-equity ratio of 118.61. The company has a market capitalization of C$205.86 million, a price-to-earnings ratio of -1.28 and a beta of 2.59. The stock has a fifty day simple moving average of C$0.99 and a 200 day simple moving average of C$1.31.

Lion Electric (TSE:LEV) last announced its earnings results on Wednesday, July 31st. The company reported C($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.17) by C($0.08). Lion Electric had a negative return on equity of 31.53% and a negative net margin of 51.81%. The firm had revenue of C$41.43 million for the quarter, compared to the consensus estimate of C$84.15 million. Sell-side analysts expect that Lion Electric will post -0.48 EPS for the current year.

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.