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

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

LSPD has been the topic of a number of other reports. CIBC cut their target price on Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating on the stock in a report on Friday. Scotiabank dropped their price objective on shares of Lightspeed Commerce from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a research note on Friday. Raymond James decreased their target price on shares of Lightspeed Commerce from C$36.00 to C$29.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Stifel Nicolaus dropped their price target 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. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$21.39.

Lightspeed Commerce Stock Up 4.0 %

LSPD stock opened at C$18.76 on Friday. 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 stock’s 50 day simple moving average is C$22.23 and its 200 day simple moving average is C$20.91. The company has a market cap of C$2.84 billion, a P/E ratio of -14.00 and a beta of 2.69.

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.