Lightspeed Commerce (TSE:LSPD) Price Target Cut to C$29.00 by Analysts at Raymond James

Lightspeed Commerce (TSE:LSPD) had its price target reduced by Raymond James from C$36.00 to C$29.00 in a research note issued to investors on Friday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other brokerages have also recently issued reports on LSPD. Scotiabank lowered their price objective 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 decreased 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 dropped their price target on shares of Lightspeed Commerce from C$18.00 to C$15.00 and set a “hold” rating on the stock in a research note on Friday. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Lightspeed Commerce has an average rating of “Moderate Buy” and an average target price of C$21.39.

Lightspeed Commerce Price Performance

TSE LSPD opened at C$18.76 on Friday. Lightspeed Commerce has a 52 week low of C$16.04 and a 52 week high of C$26.60. The company has a current ratio of 6.19, a quick ratio of 6.05 and a debt-to-equity ratio of 0.99. The stock has a market cap of C$2.84 billion, a price-to-earnings ratio of -14.00 and a beta of 2.69. The company has a 50-day moving average price of C$22.23 and a two-hundred day moving average price of C$20.91.

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.