Raymond James Lowers Lion Electric (TSE:LEV) Price Target to C$2.50

Lion Electric (TSE:LEV – Get Rating) had its target price reduced by Raymond James to C$2.50 in a research report sent to investors on Tuesday, The Fly reports.

Lion Electric Trading Down 1.3 %

Shares of Lion Electric stock opened at C$2.95 on Tuesday. The business has a fifty day simple moving average of C$3.20 and a 200-day simple moving average of C$3.67. The firm has a market cap of C$652.04 million, a price-to-earnings ratio of 7.20 and a beta of 2.73. Lion Electric has a fifty-two week low of C$2.50 and a fifty-two week high of C$11.52. The company has a quick ratio of 1.33, a current ratio of 3.99 and a debt-to-equity ratio of 39.85.

About Lion Electric

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The Lion Electric Company designs, develops, manufactures, and distributes purpose-built all-electric medium and heavy-duty urban vehicles in North America. Its products include battery systems, chassis, bus bodies, and truck cabins. The company also distributes truck and bus parts, as well as accessories.