BMO Capital Markets Cuts Lightspeed Commerce (TSE:LSPD) Price Target to C$15.00

Lightspeed Commerce (TSE:LSPD) had its target price cut by BMO Capital Markets from C$20.00 to C$15.00 in a report published on Friday,BayStreet.CA reports. They currently have an outperform rating on the stock.

LSPD has been the subject of a number of other research reports. Scotiabank decreased their price objective on shares of Lightspeed Commerce from C$21.00 to C$19.00 and set an “outperform” rating for the company in a report on Friday. Raymond James cut their price target on Lightspeed Commerce from C$36.00 to C$29.00 and set an “outperform” rating on the stock in a report on Friday. Stifel Nicolaus dropped their target price on Lightspeed Commerce from C$18.00 to C$15.00 and set a “hold” rating on the stock in a research report on Friday. TD Securities reduced their target price on shares of Lightspeed Commerce from C$19.00 to C$13.00 and set a “hold” rating for the company in a research note on Friday. Finally, CIBC decreased their price objective on Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating for the company in a report on Friday. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Lightspeed Commerce has an average rating of “Moderate Buy” and an average target price of C$20.31.

Lightspeed Commerce Stock Performance

Shares of LSPD stock opened at C$18.76 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 6.19 and a quick ratio of 6.05. Lightspeed Commerce has a 12 month low of C$16.04 and a 12 month high of C$26.60. The company’s fifty day moving average price is C$22.08 and its two-hundred day moving average price is C$20.94. The firm has a market capitalization of C$2.84 billion, a P/E ratio of -14.00 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.