National Bankshares Has Lowered Expectations for Lightspeed Commerce (TSE:LSPD) Stock Price

Lightspeed Commerce (TSE:LSPD) had its price objective reduced by research analysts at National Bankshares from C$20.00 to C$15.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bankshares’ target price would suggest a potential downside of 19.40% from the company’s current price.

LSPD has been the topic of a number of other reports. BMO Capital Markets decreased their target price on shares of Lightspeed Commerce from C$20.00 to C$15.00 and set an “outperform” rating on the stock in a research note on Friday. Scotiabank decreased their price target on shares of Lightspeed Commerce from C$21.00 to C$19.00 and set an “outperform” rating for the company in a research report on Friday. Stifel Nicolaus reduced their price objective on Lightspeed Commerce from C$18.00 to C$15.00 and set a “hold” rating on the stock in a research note 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 research note on Friday. Finally, CIBC reduced their target price on shares of Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating on the stock in a report on Friday. Three equities 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$21.39.

Lightspeed Commerce Price Performance

TSE LSPD traded up C$0.57 on Friday, hitting C$18.61. The company had a trading volume of 822,542 shares, compared to its average volume of 595,726. The company has a debt-to-equity ratio of 0.99, a current ratio of 6.19 and a quick ratio of 6.05. The company’s fifty day moving average price is C$22.23 and its 200-day moving average price is C$20.91. The company has a market capitalization of C$2.82 billion, a PE ratio of -13.89 and a beta of 2.69. Lightspeed Commerce has a 12-month low of C$16.04 and a 12-month high of C$26.60.

Lightspeed Commerce Company Profile

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.