Lightspeed Commerce (TSE:LSPD) PT Lowered to C$40.00
Lightspeed Commerce (TSE:LSPD – Get Rating) had its price target cut by Raymond James from C$68.00 to C$40.00 in a research note issued to investors on Friday, BayStreet.CA reports. They currently have an outperform rating on the stock.
Other equities research analysts have also recently issued research reports about the stock. Eight Capital reiterated a buy rating and set a C$47.00 target price on shares of Lightspeed Commerce in a research report on Tuesday. JPMorgan Chase & Co. dropped their target price on shares of Lightspeed Commerce from C$100.00 to C$41.00 in a research report on Tuesday, February 8th. Moffett Nathanson initiated coverage on shares of Lightspeed Commerce in a research report on Tuesday, April 5th. They set a buy rating and a C$50.00 target price for the company. CIBC dropped their target price on shares of Lightspeed Commerce from C$125.00 to C$68.00 and set an outperform rating for the company in a research report on Monday, January 31st. Finally, TD Securities decreased their price objective on shares of Lightspeed Commerce from C$130.00 to C$80.00 and set an action list buy rating on the stock in a report on Friday, February 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Buy and an average target price of C$86.56.
Shares of Lightspeed Commerce stock opened at C$27.64 on Friday. The stock has a market capitalization of C$4.10 billion and a P/E ratio of -13.29. The company has a quick ratio of 6.95, a current ratio of 7.26 and a debt-to-equity ratio of 1.80. The company has a 50-day simple moving average of C$31.56 and a 200 day simple moving average of C$47.82. Lightspeed Commerce has a 12-month low of C$19.58 and a 12-month high of C$165.87.
Lightspeed Commerce Company Profile (Get Rating)
Lightspeed Commerce Inc provides commerce enabling Software as a Service (SaaS) platform for small and midsize businesses, retailers, restaurants, and golf course operators in Canada, the United States, Germany, Australia, and internationally. Its SaaS platform enables customers to engage with consumers, manage operations, accept payments, etc.
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