BMO Capital Markets Has Lowered Expectations for Lightspeed Commerce (TSE:LSPD) Stock Price

Lightspeed Commerce (TSE:LSPD) had its price objective lowered by stock analysts at BMO Capital Markets from C$20.00 to C$15.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective suggests a potential downside of 19.40% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. TD Securities decreased their price target on shares of Lightspeed Commerce from C$19.00 to C$13.00 and set a “hold” rating on the stock in a research note on Friday. Stifel Nicolaus lowered their price target on Lightspeed Commerce from C$18.00 to C$15.00 and set a “hold” rating for the company in a research report on Friday. Scotiabank decreased their price target on shares of Lightspeed Commerce from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a research note on Friday. CIBC reduced their target price on Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Raymond James cut their price objective on Lightspeed Commerce from C$36.00 to C$29.00 and set an “outperform” rating on the stock in a research report on Friday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Lightspeed Commerce currently has a consensus rating of “Moderate Buy” and an average price target of C$21.39.

Lightspeed Commerce Stock Up 3.2 %

Shares of LSPD traded up C$0.57 during trading hours on Friday, hitting C$18.61. The company had a trading volume of 822,542 shares, compared to its average volume of 595,726. 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 stock has a market capitalization of C$2.82 billion, a price-to-earnings ratio of -13.89 and a beta of 2.69. Lightspeed Commerce has a 52-week low of C$16.04 and a 52-week high of C$26.60. The firm has a fifty day moving average price of C$22.23 and a 200-day moving average price of C$20.91.

Lightspeed Commerce Company Profile

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.