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

Lightspeed Commerce (TSE:LSPD) had its target price reduced by analysts at Stifel Nicolaus from C$18.00 to C$15.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ target price would suggest a potential downside of 19.40% from the stock’s current price.

Separately, CIBC lowered their price target on Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating on the stock in a report on Friday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$21.39.

Lightspeed Commerce Stock Up 3.2 %

LSPD traded up C$0.57 during trading on Friday, reaching C$18.61. The stock had a trading volume of 822,542 shares, compared to its average volume of 595,726. Lightspeed Commerce has a one year low of C$16.04 and a one year 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 company has a market capitalization of C$2.82 billion, a price-to-earnings ratio of -13.89 and a beta of 2.69. The stock’s 50 day moving average is C$22.23 and its two-hundred day moving average is 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.