Lightspeed Commerce Inc. (TSE:LSPD) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Lightspeed Commerce Inc. (TSE:LSPD) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is C$20.31.

A number of research firms have recently issued reports on LSPD. TD Securities dropped their price objective on shares of Lightspeed Commerce from C$19.00 to C$13.00 and set a “hold” rating on the stock in a research note on Friday, February 7th. CIBC lowered their price objective on shares of Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Stifel Nicolaus decreased their target price on Lightspeed Commerce from C$18.00 to C$15.00 and set a “hold” rating for the company in a report on Friday, February 7th. Scotiabank decreased their price objective on Lightspeed Commerce from C$21.00 to C$19.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Finally, Raymond James cut their price objective on shares of Lightspeed Commerce from C$36.00 to C$29.00 and set an “outperform” rating for the company in a report on Friday, February 7th.

Lightspeed Commerce Trading Down 1.4 %

LSPD opened at C$18.77 on Friday. The stock has a market cap of C$2.84 billion, a price-to-earnings ratio of -14.01 and a beta of 2.69. The stock’s 50 day moving average price is C$21.87 and its 200-day moving average price is C$20.95. Lightspeed Commerce has a one year low of C$16.04 and a one year high of C$26.60. 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 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.