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

Lightspeed Commerce (TSE:LSPD) had its price target lowered by BMO Capital Markets from C$20.00 to C$15.00 in a research note published on Friday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

LSPD has been the subject of a number of other reports. CIBC decreased their price objective on shares of Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating for the company in a report on Friday. Raymond James decreased 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 note on Friday. Stifel Nicolaus dropped 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 report on Friday. TD Securities decreased their target price on Lightspeed Commerce from C$19.00 to C$13.00 and set a “hold” rating for the company in a research report on Friday. Finally, Scotiabank lowered their target price on shares of Lightspeed Commerce from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a research note on Friday. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Lightspeed Commerce has an average rating of “Moderate Buy” and an average target price of C$21.39.

Lightspeed Commerce Stock Up 4.0 %

Shares of Lightspeed Commerce stock opened at C$18.76 on Friday. The company has a 50-day simple moving average of C$22.23 and a two-hundred day simple moving average of C$20.91. The stock has a market capitalization of C$2.84 billion, a PE ratio of -14.00 and a beta of 2.69. Lightspeed Commerce has a 52-week low of C$16.04 and a 52-week high of C$26.60. 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 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.