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

Lightspeed Commerce (TSE:LSPD) had its target price reduced by equities researchers at Scotiabank from C$21.00 to C$19.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price objective points to a potential upside of 2.10% from the stock’s current price.

A number of other research analysts also recently issued reports on LSPD. Stifel Nicolaus decreased their price target on Lightspeed Commerce from C$18.00 to C$15.00 and set a “hold” rating for the company in a report on Friday. CIBC dropped 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. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Lightspeed Commerce has a consensus rating of “Moderate Buy” and a consensus target price of C$21.39.

Lightspeed Commerce Stock Performance

Shares of TSE:LSPD traded up C$0.57 on Friday, hitting C$18.61. 822,542 shares of the company were exchanged, compared to its average volume of 595,726. The company has a current ratio of 6.19, a quick ratio of 6.05 and a debt-to-equity ratio of 0.99. The stock’s 50 day moving average price is C$22.23 and its 200 day moving average price is C$20.91. Lightspeed Commerce has a 1-year low of C$16.04 and a 1-year high of C$26.60. The firm has a market capitalization of C$2.82 billion, a P/E ratio of -13.89 and a beta of 2.69.

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.