TD Securities Cuts Lightspeed Commerce (TSE:LSPD) Price Target to C$13.00

Lightspeed Commerce (TSE:LSPD) had its price target lowered by TD Securities from C$19.00 to C$13.00 in a report published on Friday,BayStreet.CA reports. The firm currently has a hold rating on the stock.

Several other brokerages also recently commented on LSPD. Stifel Nicolaus cut their target price on Lightspeed Commerce from C$18.00 to C$15.00 and set a “hold” rating for the company in a research note 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 research report on Friday. Raymond James dropped their target price on shares of Lightspeed Commerce from C$36.00 to C$29.00 and set an “outperform” rating for the company in a research report on Friday. Finally, CIBC decreased their price target on shares of Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating on the stock in a report on Friday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$20.31.

Lightspeed Commerce Price Performance

Shares of TSE LSPD opened at C$18.76 on Friday. Lightspeed Commerce has a 1-year low of C$16.04 and a 1-year high of C$26.60. The stock has a fifty day simple moving average of C$22.08 and a two-hundred day simple moving average of C$20.94. The firm has a market cap of C$2.84 billion, a price-to-earnings ratio of -14.00 and a beta of 2.69. The company has a current ratio of 6.19, a quick ratio of 6.05 and a debt-to-equity ratio of 0.99.

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.