National Bankshares Lowers Lion Electric (TSE:LEV) Price Target to C$0.80

Lion Electric (TSE:LEV) had its price target reduced by National Bankshares from C$1.00 to C$0.80 in a research note issued to investors on Thursday, BayStreet.CA reports. They currently have an underperform rating on the stock.

LEV has been the topic of several other research reports. National Bank Financial cut Lion Electric from a sec perform spec market wgt rating to an underperform spec market wgt rating in a report on Wednesday, May 8th. CIBC decreased their target price on Lion Electric from C$1.15 to C$0.65 and set a neutral rating on the stock in a report on Thursday. Finally, B. Riley raised Lion Electric to a strong-buy rating in a report on Tuesday, June 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Lion Electric presently has a consensus rating of Hold and an average price target of C$0.82.

Lion Electric Trading Down 3.4 %

Shares of TSE:LEV opened at C$0.86 on Thursday. The company has a quick ratio of 1.33, a current ratio of 2.65 and a debt-to-equity ratio of 104.69. Lion Electric has a fifty-two week low of C$0.80 and a fifty-two week high of C$3.18. The company’s 50-day moving average price is C$1.31 and its 200 day moving average price is C$1.66. The company has a market cap of C$194.55 million, a PE ratio of -1.28 and a beta of 2.74.

Lion Electric (TSE:LEV) last posted its quarterly earnings data on Wednesday, May 8th. The company reported C($0.02) EPS for the quarter, beating analysts’ consensus estimates of C($0.10) by C$0.08. The business had revenue of C$74.80 million for the quarter, compared to analyst estimates of C$97.28 million. Lion Electric had a negative net margin of 43.21% and a negative return on equity of 28.75%. Sell-side analysts anticipate that Lion Electric will post -0.48 earnings per share 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.