Lightspeed Commerce (TSE:LSPD) Price Target Cut to C$15.00 by Analysts at National Bankshares

Lightspeed Commerce (TSE:LSPD) had its target price trimmed by National Bankshares from C$20.00 to C$15.00 in a research report released on Friday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

A number of other research analysts also recently issued reports on the stock. BMO Capital Markets cut their price objective on shares of Lightspeed Commerce from C$20.00 to C$15.00 and set an “outperform” rating on the stock in a research report on Friday. TD Securities cut 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 report on Friday. Scotiabank decreased their price objective on Lightspeed Commerce from C$21.00 to C$19.00 and set an “outperform” rating for the company in a report on Friday. CIBC lowered their price objective on Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Stifel Nicolaus reduced their target price on Lightspeed Commerce from C$18.00 to C$15.00 and set a “hold” 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, Lightspeed Commerce currently has an average rating of “Moderate Buy” and a consensus price target of C$21.39.

Lightspeed Commerce Price Performance

LSPD opened at C$18.76 on Friday. The firm has a market capitalization of C$2.84 billion, a PE ratio of -14.00 and a beta of 2.69. The company has a debt-to-equity ratio of 0.99, a current ratio of 6.19 and a quick ratio of 6.05. The business’s 50-day moving average is C$22.23 and its two-hundred day moving average is C$20.91. Lightspeed Commerce has a 1 year low of C$16.04 and a 1 year high of C$26.60.

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.