Lightspeed Commerce (TSE:LSPD) PT Lowered to C$50.00

Lightspeed Commerce (TSE:LSPD – Get Rating) had its target price dropped by research analysts at ATB Capital from C$55.00 to C$50.00 in a note issued to investors on Friday, BayStreet.CA reports. ATB Capital’s price objective points to a potential upside of 178.71% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. CIBC reduced their price objective on Lightspeed Commerce from C$27.00 to C$21.00 in a research note on Friday. BMO Capital Markets restated a “buy” rating and set a C$24.00 price objective on shares of Lightspeed Commerce in a research note on Friday, February 3rd. Eight Capital cut their price target on Lightspeed Commerce from C$40.00 to C$35.00 in a research note on Friday, February 3rd. Finally, Cormark cut their price target on Lightspeed Commerce from C$34.00 to C$29.00 in a research note on Friday, February 3rd.

Lightspeed Commerce Trading Up 2.5 %

Shares of LSPD opened at C$17.94 on Friday. The stock’s 50-day moving average is C$19.12 and its two-hundred day moving average is C$20.48. The stock has a market cap of C$2.70 billion, a PE ratio of -1.80 and a beta of 2.71. Lightspeed Commerce has a 12 month low of C$17.02 and a 12 month high of C$35.80. The company has a debt-to-equity ratio of 1.04, a current ratio of 6.56 and a quick ratio of 6.05.

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.