Lightspeed Commerce (TSE:LSPD) Price Target Lowered to C$13.00 at TD Securities

Lightspeed Commerce (TSE:LSPD) had its price target reduced by TD Securities from C$19.00 to C$13.00 in a research report report published on Friday morning,BayStreet.CA reports. They currently have a hold rating on the stock.

Other equities research analysts have also issued research reports about the stock. Raymond James decreased their price target on shares of Lightspeed Commerce from C$36.00 to C$29.00 and set an “outperform” rating for the company in a research note on Friday. Stifel Nicolaus decreased their target price on 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 dropped their price target 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. Finally, Scotiabank decreased their price objective on Lightspeed Commerce from C$21.00 to C$19.00 and set an “outperform” rating for the company in a report on Friday. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Lightspeed Commerce has a consensus rating of “Moderate Buy” and a consensus target price of C$21.39.

Lightspeed Commerce Price Performance

LSPD opened at C$18.76 on Friday. The firm has a market cap of C$2.84 billion, a P/E ratio of -14.00 and a beta of 2.69. The company has a debt-to-equity ratio of 0.99, a quick ratio of 6.05 and a current ratio of 6.19. Lightspeed Commerce has a fifty-two week low of C$16.04 and a fifty-two week high of C$26.60. The firm has a 50-day moving average of C$22.23 and a 200 day moving average of C$20.91.

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.