Lightspeed Commerce (TSE:LSPD) Given New C$26.50 Price Target at Cormark

Lightspeed Commerce (TSE:LSPD) had its price objective lifted by Cormark from C$26.00 to C$26.50 in a research note issued to investors on Friday morning, BayStreet.CA reports.

A number of other analysts have also issued reports on the company. CIBC lowered their price target on Lightspeed Commerce from C$27.00 to C$25.00 and set a neutral rating for the company in a report on Friday, February 9th. National Bankshares boosted their price target on Lightspeed Commerce from C$20.00 to C$25.00 and gave the company an outperform rating in a report on Friday, January 26th. Raymond James lowered their price target on Lightspeed Commerce from C$43.00 to C$35.00 and set an outperform rating for the company in a report on Friday, February 9th. Finally, ATB Capital lowered their price target on Lightspeed Commerce from C$35.00 to C$30.00 and set an outperform rating for the company in a report on Friday, February 9th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of C$25.50.

Lightspeed Commerce Stock Up 2.1 %

Shares of TSE:LSPD opened at C$20.99 on Friday. Lightspeed Commerce has a 1 year low of C$16.94 and a 1 year high of C$28.73. The business has a 50 day simple moving average of C$18.56 and a two-hundred day simple moving average of C$21.29. The firm has a market capitalization of C$3.22 billion, a PE ratio of -11.47 and a beta of 2.67. The company has a debt-to-equity ratio of 0.96, a current ratio of 6.22 and a quick ratio of 6.05.

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.