Royal Bank of Canada Increases LifeSpeak (TSE:LSPK) Price Target to C$1.50

LifeSpeak (TSE:LSPKGet Rating) had its price target upped by Royal Bank of Canada from C$1.00 to C$1.50 in a research note issued to investors on Thursday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 13.64% from the stock’s previous close.

Several other research firms have also commented on LSPK. Scotiabank cut their price target on LifeSpeak from C$7.00 to C$4.00 in a research report on Saturday, June 25th. Stifel Nicolaus lowered their target price on LifeSpeak from C$2.75 to C$2.50 in a research note on Wednesday, July 27th. Finally, Cormark lowered their target price on LifeSpeak from C$3.50 to C$3.00 and set a “buy” rating on the stock in a research note on Thursday.

LifeSpeak Price Performance

LSPK opened at C$1.32 on Thursday. The firm has a market capitalization of C$67.40 million and a price-to-earnings ratio of -1.28. LifeSpeak has a 52 week low of C$0.71 and a 52 week high of C$9.00. The stock’s 50 day moving average price is C$1.45. The company has a debt-to-equity ratio of 162.61, a quick ratio of 1.35 and a current ratio of 1.46.

About LifeSpeak

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LifeSpeak Inc provides software-as-a-service solutions for digital mental, physical and total wellbeing resources for mid and enterprise-sized organizations in Canada and internationally. The company offers digital educational resources, such as easily consumable videos, podcasts, and tailored articles for depression, stress management, and financial health; and on-demand workout library, automated, and live sessions in areas, including general fitness, mindfulness, cardio, strength, yoga, pre-natal, Pilates, and others.

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