Lightspeed Commerce Inc. (TSE:LSPD) Receives Average Recommendation of “Hold” from Brokerages

Shares of Lightspeed Commerce Inc. (TSE:LSPD) have received an average recommendation of “Hold” from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$19.50.

A number of analysts have recently issued reports on the stock. Raymond James Financial raised their price target on shares of Lightspeed Commerce from C$20.00 to C$23.00 and gave the company an “outperform” rating in a report on Friday, August 1st. TD Securities increased their price objective on shares of Lightspeed Commerce from C$13.00 to C$15.00 and gave the company a “hold” rating in a research report on Friday. ATB Capital raised their target price on shares of Lightspeed Commerce from C$17.00 to C$18.00 and gave the stock a “sector perform” rating in a report on Friday, August 1st. Cormark boosted their target price on shares of Lightspeed Commerce from C$20.00 to C$25.00 in a research note on Friday, August 1st. Finally, JPMorgan Chase & Co. increased their price target on Lightspeed Commerce from C$19.00 to C$20.00 in a report on Friday.

Lightspeed Commerce Trading Down 3.2%

Lightspeed Commerce stock opened at C$18.37 on Friday. Lightspeed Commerce has a one year low of C$10.50 and a one year high of C$26.60. The business’s fifty day moving average is C$16.66 and its 200 day moving average is C$16.11. The stock has a market capitalization of C$2.48 billion, a PE ratio of -4.12 and a beta of 2.32. The company has a debt-to-equity ratio of 0.83, a current ratio of 6.10 and a quick ratio of 6.05.

About Lightspeed Commerce

Lightspeed Commerce Inc provides an omni-channel commerce-enabling SaaS platform. Its software platform provides customers with the functionality it needs to engage with consumers, manage their operations, accepts payments, and grow their business. The company sells its platform through a direct sales force in the United States, Canada, Netherlands, Australia, and other countries.