Scotiabank Cuts Lightspeed Commerce (TSE:LSPD) Price Target to C$19.00

Lightspeed Commerce (TSE:LSPD) had its target price trimmed by Scotiabank from C$21.00 to C$19.00 in a research report released on Friday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other equities analysts have also recently issued reports about the company. CIBC reduced their target price on Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating for the company in a research report on Friday. Stifel Nicolaus dropped their target price on shares of Lightspeed Commerce from C$18.00 to C$15.00 and set a “hold” rating for the company in a research report on Friday. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$20.31.

Lightspeed Commerce Price Performance

Lightspeed Commerce stock opened at C$18.76 on Friday. The company has a market cap of C$2.84 billion, a price-to-earnings ratio of -14.00 and a beta of 2.69. Lightspeed Commerce has a 12 month low of C$16.04 and a 12 month high of C$26.60. The company has a current ratio of 6.19, a quick ratio of 6.05 and a debt-to-equity ratio of 0.99. The business’s 50 day simple moving average is C$22.08 and its 200 day simple moving average 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.