Lightspeed Commerce (TSE:LSPD) Price Target Lowered to C$34.00 at Cormark

Lightspeed Commerce (TSE:LSPDGet Rating) had its target price reduced by Cormark from C$41.00 to C$34.00 in a report issued on Wednesday morning, BayStreet.CA reports.

A number of other equities research analysts also recently weighed in on the stock. CIBC decreased their price target on shares of Lightspeed Commerce from C$40.00 to C$34.00 and set an outperform rating on the stock in a research note on Friday, November 4th. ATB Capital decreased their price target on shares of Lightspeed Commerce from C$70.00 to C$60.00 in a research note on Friday, November 4th. Finally, Barclays cut their price objective on Lightspeed Commerce from C$27.00 to C$20.00 in a report on Friday, November 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of C$42.85.

Lightspeed Commerce Stock Down 1.1 %

LSPD opened at C$21.95 on Wednesday. Lightspeed Commerce has a fifty-two week low of C$17.27 and a fifty-two week high of C$45.01. The company has a debt-to-equity ratio of 0.79, a current ratio of 6.41 and a quick ratio of 6.05. The firm’s fifty day moving average price is C$20.56 and its two-hundred day moving average price is C$23.72. The company has a market capitalization of C$3.30 billion and a P/E ratio of -8.30.

Lightspeed Commerce Company Profile

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Lightspeed Commerce Inc provides commerce enabling Software as a Service (SaaS) platform for small and midsize businesses, retailers, restaurants, and golf course operators in Canada, the United States, Australia, the Netherlands, and internationally. Its SaaS platform enables customers to engage with consumers, manage operations, accept payments, etc.

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Analyst Recommendations for Lightspeed Commerce (TSE:LSPD)

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