Lightspeed Commerce Inc. (TSE:LSPD) Receives C$24.75 Average PT from Analysts

Lightspeed Commerce Inc. (TSE:LSPD) has received an average rating of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$24.75.

LSPD has been the subject of several analyst reports. Raymond James lowered their price target on shares of 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. ATB Capital lowered their price target on shares of 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. National Bankshares boosted their price target on shares of Lightspeed Commerce from C$20.00 to C$25.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. CIBC lowered their price target on shares of 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. Finally, Cormark lowered their price target on shares of Lightspeed Commerce from C$35.00 to C$26.00 in a report on Monday, February 12th.

Lightspeed Commerce Price Performance

Shares of LSPD opened at C$18.31 on Monday. Lightspeed Commerce has a fifty-two week low of C$16.94 and a fifty-two week high of C$28.73. The firm’s 50 day moving average price is C$18.51 and its 200 day moving average price is C$21.25. The company has a market cap of C$2.81 billion, a P/E ratio of -10.12 and a beta of 2.72. The company has a quick ratio of 6.05, a current ratio of 6.22 and a debt-to-equity ratio of 0.96.

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.