Brokerages Set Lightspeed Commerce Inc. (TSE:LSPD) PT at C$24.75

Lightspeed Commerce Inc. (TSE:LSPD) has earned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$24.75.

A number of equities analysts have commented on the company. CIBC decreased their price target on Lightspeed Commerce from C$27.00 to C$25.00 and set a “neutral” rating on the stock in a research note on Friday, February 9th. ATB Capital cut their price objective on Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating on the stock in a research report on Friday, February 9th. Cormark cut their price objective on Lightspeed Commerce from C$35.00 to C$26.00 in a research report on Monday, February 12th. National Bankshares lifted their price objective on Lightspeed Commerce from C$20.00 to C$25.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Finally, Raymond James cut their price objective on Lightspeed Commerce from C$43.00 to C$35.00 and set an “outperform” rating on the stock in a research report on Friday, February 9th.

Lightspeed Commerce Stock Performance

Shares of TSE LSPD opened at C$18.62 on Monday. The stock has a market cap of C$2.85 billion, a price-to-earnings ratio of -10.20 and a beta of 2.72. The company has a current ratio of 6.22, a quick ratio of 6.05 and a debt-to-equity ratio of 0.96. Lightspeed Commerce has a 1-year low of C$16.94 and a 1-year high of C$28.73. The stock’s 50-day moving average is C$18.54 and its 200 day moving average is C$21.29.

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.