CIBC Cuts Lightspeed Commerce (TSE:LSPD) Price Target to C$30.00

Lightspeed Commerce (TSE:LSPD) had its price target trimmed by CIBC from C$35.00 to C$30.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Lightspeed Commerce Trading Up 4.0 %

TSE:LSPD 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. The company has a market capitalization of C$2.84 billion, a P/E ratio of -14.00 and a beta of 2.69. Lightspeed Commerce has a 52 week low of C$16.04 and a 52 week high of C$26.60. The stock’s 50 day moving average price is C$22.08 and its 200 day moving average price is C$20.94.

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.