JPMorgan Chase & Co. Boosts Lightspeed Commerce (TSE:LSPD) Price Target to C$20.00

Lightspeed Commerce (TSE:LSPD) had its price target hoisted by investment analysts at JPMorgan Chase & Co. from C$19.00 to C$20.00 in a research report issued on Friday,BayStreet.CA reports. JPMorgan Chase & Co.‘s price target indicates a potential upside of 8.87% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Raymond James Financial increased their price objective on shares of Lightspeed Commerce from C$20.00 to C$23.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Cormark upped their price target on shares of Lightspeed Commerce from C$20.00 to C$25.00 in a research report on Friday, August 1st. Finally, ATB Capital raised their price target on shares of Lightspeed Commerce from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a research note on Friday, August 1st. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lightspeed Commerce has an average rating of “Hold” and a consensus target price of C$19.50.

Lightspeed Commerce Price Performance

Shares of TSE:LSPD traded down C$0.61 during midday trading on Friday, reaching C$18.37. 1,438,417 shares of the company’s stock traded hands, compared to its average volume of 600,047. The company has a fifty day simple moving average of C$16.63 and a two-hundred day simple moving average of C$16.05. Lightspeed Commerce has a 1 year low of C$10.50 and a 1 year high of C$26.60. The company has a market cap of C$2.48 billion, a P/E ratio of -4.12 and a beta of 2.32. The company has a debt-to-equity ratio of 0.83, a quick ratio of 6.05 and a current ratio of 6.10.

About Lightspeed Commerce

Lightspeed Commerce Inc provides an omni-channel commerce-enabling SaaS platform. Its software platform provides customers with the functionality it needs to engage with consumers, manage their operations, accepts payments, and grow their business. The company sells its platform through a direct sales force in the United States, Canada, Netherlands, Australia, and other countries.