Lightspeed Commerce (TSE:LSPD - Get Free Report) had its target price reduced by research analysts at Scotiabank from C$21.00 to C$19.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Scotiabank's price objective suggests a potential downside of 0.26% from the company's current price.
Several other analysts also recently commented on LSPD. Stifel Nicolaus reduced their price target on shares of Lightspeed Commerce from C$18.00 to C$15.00 and set a "hold" rating for the company in a research report on Friday. CIBC cut their price objective on shares of Lightspeed Commerce from C$35.00 to C$30.00 and set an "outperform" rating for the company in a research report on Friday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$20.31.
Get Our Latest Analysis on LSPD
Lightspeed Commerce Stock Performance
LSPD stock traded up C$0.01 on Friday, hitting C$19.05. The company's stock had a trading volume of 615,380 shares, compared to its average volume of 623,466. The firm has a 50 day moving average of C$21.98 and a two-hundred day moving average of C$20.95. Lightspeed Commerce has a 1 year low of C$16.04 and a 1 year high of C$26.60. The stock has a market cap of C$2.89 billion, a price-to-earnings ratio of -14.22 and a beta of 2.69. The company has a current ratio of 6.19, a quick ratio of 6.05 and a debt-to-equity ratio of 0.99.
About Lightspeed Commerce
(
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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.
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