Stifel Nicolaus Cuts Lightspeed Commerce (TSE:LSPD) Price Target to C$15.00

Lightspeed Commerce (TSE:LSPD) had its target price cut by Stifel Nicolaus from C$18.00 to C$15.00 in a research note published on Friday,BayStreet.CA reports. They currently have a hold rating on the stock.

Separately, CIBC cut 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. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Lightspeed Commerce currently has a consensus rating of “Moderate Buy” and an average price target of C$20.31.

Lightspeed Commerce Price Performance

TSE LSPD opened at C$18.76 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 6.19 and a quick ratio of 6.05. The business’s fifty day moving average price is C$22.08 and its 200-day moving average price is C$20.94. The stock has a market capitalization of C$2.84 billion, a price-to-earnings ratio of -14.00 and a beta of 2.69. Lightspeed Commerce has a 1-year low of C$16.04 and a 1-year high of C$26.60.

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.