Lightspeed Commerce (TSE:LSPD) Price Target Cut to C$19.00 by Analysts at Scotiabank

Lightspeed Commerce (TSE:LSPD) had its price objective decreased by Scotiabank from C$21.00 to C$19.00 in a research note published on Friday,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

A number of other equities analysts also recently issued reports on the company. Stifel Nicolaus decreased their price objective on Lightspeed Commerce from C$18.00 to C$15.00 and set a “hold” rating for the company in a report on Friday. CIBC reduced their target price on shares of Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating on the stock in a research report on Friday. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$21.39.

Lightspeed Commerce Stock Up 4.0 %

LSPD stock opened at C$18.76 on Friday. The company has a market capitalization of C$2.84 billion, a price-to-earnings ratio of -14.00 and a beta of 2.69. The company has a debt-to-equity ratio of 0.99, a quick ratio of 6.05 and a current ratio of 6.19. The business’s 50 day moving average price is C$22.23 and its two-hundred day moving average price is C$20.91. Lightspeed Commerce has a fifty-two week low of C$16.04 and a fifty-two week high of C$26.60.

About Lightspeed Commerce

Lightspeed Commerce Inc engages in sale of cloud-based software subscriptions and payments solutions for small and midsize businesses, retailers, restaurants, and golf course operators in North America, Europe, the United Kingdom, Australia, New Zealand, and internationally. Its Software as a Service platform enables customers to engage with consumers, manage operations, accept payments, etc.