Stifel Nicolaus Lowers Lightspeed Commerce (TSE:LSPD) Price Target to C$15.00

Lightspeed Commerce (TSE:LSPD - Free Report) had its target price reduced by Stifel Nicolaus from C$18.00 to C$15.00 in a report published on Friday,BayStreet.CA reports. Stifel Nicolaus currently has a hold rating on the stock.

Separately, CIBC lowered their target price on Lightspeed Commerce from C$35.00 to C$30.00 and set an "outperform" rating on the stock in a research note on Friday. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Lightspeed Commerce currently has an average rating of "Moderate Buy" and a consensus target price of C$20.31.

Lightspeed Commerce Stock Up 0.1 %

TSE:LSPD traded up C$0.01 on Friday, hitting C$19.05. 615,380 shares of the company's stock traded hands, compared to its average volume of 623,466. The company has a current ratio of 6.19, a quick ratio of 6.05 and a debt-to-equity ratio of 0.99. Lightspeed Commerce has a 1 year low of C$16.04 and a 1 year high of C$26.60. The firm has a 50-day moving average price of C$21.98 and a 200-day moving average price of C$20.95. The company has a market cap of C$2.89 billion, a PE ratio of -14.22 and a beta of 2.69.

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.