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

Lightspeed Commerce Inc. (TSE:LSPD – Get Rating) has received an average rating of “Buy” from the thirteen analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$39.38.

LSPD has been the subject of several research reports. Eight Capital cut their target price on shares of Lightspeed Commerce from C$40.00 to C$35.00 in a research report on Friday, February 3rd. BMO Capital Markets reiterated a “buy” rating and issued a C$24.00 price objective on shares of Lightspeed Commerce in a report on Friday, February 3rd. CIBC cut Lightspeed Commerce from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from C$34.00 to C$27.00 in a report on Friday, February 3rd. ATB Capital cut their target price on Lightspeed Commerce from C$60.00 to C$55.00 in a research note on Monday, February 6th. Finally, Cormark decreased their price target on shares of Lightspeed Commerce from C$34.00 to C$29.00 in a research note on Friday, February 3rd.

Lightspeed Commerce Price Performance

LSPD stock opened at C$21.26 on Friday. The firm has a 50 day simple moving average of C$21.61 and a two-hundred day simple moving average of C$22.69. The stock has a market cap of C$3.21 billion, a PE ratio of -2.19 and a beta of 2.73. Lightspeed Commerce has a one year low of C$17.27 and a one year high of C$42.68. The company has a debt-to-equity ratio of 1.04, a current ratio of 6.56 and a quick ratio of 6.05.

Lightspeed Commerce Company Profile

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Lightspeed Commerce Inc provides commerce enabling Software as a Service (SaaS) platform for small and midsize businesses, retailers, restaurants, and golf course operators in Canada, the United States, Australia, the Netherlands, and internationally. Its SaaS platform enables customers to engage with consumers, manage operations, accept payments, etc.