Raymond James Cuts Lightspeed Commerce (TSE:LSPD) Price Target to C$29.00

Lightspeed Commerce (TSE:LSPD) had its price target trimmed by Raymond James from C$36.00 to C$29.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other equities analysts have also issued reports on LSPD. Scotiabank cut their target price on Lightspeed Commerce from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a research report on Friday. Stifel Nicolaus dropped their price objective on shares of Lightspeed Commerce from C$18.00 to C$15.00 and set a “hold” rating on the stock in a research note on Friday. Finally, CIBC dropped their target price on Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating on the stock in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Lightspeed Commerce currently has an average rating of “Moderate Buy” and an average price target of C$20.31.

Lightspeed Commerce Stock Up 4.0 %

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