BMO Capital Markets Lowers Lightspeed Commerce (TSE:LSPD) Price Target to C$15.00

Lightspeed Commerce (TSE:LSPD) had its price objective dropped by stock analysts at BMO Capital Markets from C$20.00 to C$15.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target would indicate a potential downside of 19.40% from the stock’s current price.

Several other brokerages have also recently commented on LSPD. CIBC reduced their price target 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. Stifel Nicolaus lowered their price target on shares of Lightspeed Commerce from C$18.00 to C$15.00 and set a “hold” rating for the company in a report on Friday. Scotiabank decreased their price objective on Lightspeed Commerce from C$21.00 to C$19.00 and set an “outperform” rating for the company in a report on Friday. TD Securities decreased their price objective on Lightspeed Commerce from C$19.00 to C$13.00 and set a “hold” rating for the company in a report on Friday. Finally, Raymond James dropped their price target on Lightspeed Commerce from C$36.00 to C$29.00 and set an “outperform” rating for the company in a research report on Friday. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Lightspeed Commerce currently has a consensus rating of “Moderate Buy” and an average target price of C$21.39.

Lightspeed Commerce Trading Up 3.2 %

LSPD traded up C$0.57 during mid-day trading on Friday, reaching C$18.61. The stock had a trading volume of 822,542 shares, compared to its average volume of 595,726. The firm’s fifty day simple moving average is C$22.23 and its two-hundred day simple moving average is C$20.91. The stock has a market capitalization of C$2.82 billion, a P/E ratio of -13.89 and a beta of 2.69. The company has a debt-to-equity ratio of 0.99, a quick ratio of 6.05 and a current ratio of 6.19. Lightspeed Commerce has a 52 week low of C$16.04 and a 52 week 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.