National Bankshares Cuts Lightspeed Commerce (TSE:LSPD) Price Target to C$15.00

Lightspeed Commerce (TSE:LSPD) had its price objective reduced by National Bankshares from C$20.00 to C$15.00 in a report released on Friday morning,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

Several other equities analysts have also issued reports on the company. Stifel Nicolaus cut 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 note on Friday. Raymond James lowered their price target on shares of Lightspeed Commerce from C$36.00 to C$29.00 and set an “outperform” rating on the stock in a report on Friday. Scotiabank decreased their price objective on shares of Lightspeed Commerce from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a report on Friday. TD Securities cut their target price on 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, BMO Capital Markets lowered their target price on Lightspeed Commerce from C$20.00 to C$15.00 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$20.31.

Lightspeed Commerce Price Performance

Shares of LSPD stock opened at C$18.76 on Friday. Lightspeed Commerce has a 52-week low of C$16.04 and a 52-week high of C$26.60. The stock has a 50 day moving average price of C$22.08 and a 200 day moving average price of 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. The company has a debt-to-equity ratio of 0.99, a quick ratio of 6.05 and a current ratio of 6.19.

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.