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

Shares of Lightspeed Commerce Inc. (TSE:LSPD) have been given a consensus rating of “Moderate Buy” by the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$24.75.

Several research analysts recently commented on LSPD shares. Raymond James cut their price target on shares of Lightspeed Commerce from C$43.00 to C$35.00 and set an “outperform” rating on the stock in a report on Friday, February 9th. Cormark dropped their price objective on shares of Lightspeed Commerce from C$35.00 to C$26.00 in a research note on Monday, February 12th. National Bankshares boosted their target price on shares of Lightspeed Commerce from C$20.00 to C$25.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. ATB Capital 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 research report on Friday, February 9th. Finally, CIBC reduced their target price on shares of Lightspeed Commerce from C$27.00 to C$25.00 and set a “neutral” rating on the stock in a research report on Friday, February 9th.

Lightspeed Commerce Trading Up 1.3 %

TSE LSPD opened at C$18.31 on Monday. Lightspeed Commerce has a one year low of C$16.94 and a one year high of C$28.73. The company’s 50 day moving average price is C$18.51 and its 200 day moving average price is C$21.25. The company has a debt-to-equity ratio of 0.96, a quick ratio of 6.05 and a current ratio of 6.22. The firm has a market capitalization of C$2.81 billion, a price-to-earnings ratio of -10.12 and a beta of 2.72.

About Lightspeed Commerce

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.