Lightspeed Commerce (TSE:LSPD) Given New C$19.00 Price Target at Scotiabank

Lightspeed Commerce (TSE:LSPD) had its price target reduced by Scotiabank from C$21.00 to C$19.00 in a report released on Friday,BayStreet.CA reports. They currently have an outperform rating on the stock.

LSPD has been the topic of several other research reports. Stifel Nicolaus reduced their price objective on shares of Lightspeed Commerce from C$18.00 to C$15.00 and set a “hold” rating on the stock in a research report on Friday. CIBC decreased their price objective 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. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Lightspeed Commerce presently has an average rating of “Moderate Buy” and a consensus target price of C$21.39.

Lightspeed Commerce Trading Up 4.0 %

TSE:LSPD opened at C$18.76 on Friday. 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 has a fifty day moving average price of C$22.23 and a 200-day moving average price of C$20.91. The firm has a market capitalization of C$2.84 billion, a price-to-earnings ratio of -14.00 and a beta of 2.69. Lightspeed Commerce has a one year low of C$16.04 and a one year high of C$26.60.

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.