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

Lightspeed Commerce (TSE:LSPD) had its target price trimmed by National Bankshares from C$20.00 to C$15.00 in a research note published on Friday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

A number of other brokerages have also recently issued reports on LSPD. CIBC decreased their target price on Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating on the stock in a report on Friday. BMO Capital Markets cut their price target on Lightspeed Commerce from C$20.00 to C$15.00 and set an “outperform” rating for the company in a research note on Friday. TD Securities cut their price objective on Lightspeed Commerce from C$19.00 to C$13.00 and set a “hold” rating on the stock in a research note on Friday. Raymond James decreased their target price on Lightspeed Commerce from C$36.00 to C$29.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Scotiabank dropped their price target on shares of Lightspeed Commerce from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Lightspeed Commerce presently has an average rating of “Moderate Buy” and an average target price of C$20.31.

Lightspeed Commerce Price Performance

Shares of TSE LSPD opened at C$18.76 on Friday. The stock has a market cap of C$2.84 billion, a P/E ratio of -14.00 and a beta of 2.69. The firm’s 50-day simple moving average is C$22.08 and its 200 day simple moving average is C$20.94. Lightspeed Commerce has a fifty-two week low of C$16.04 and a fifty-two week high of C$26.60. The company has a quick ratio of 6.05, a current ratio of 6.19 and a debt-to-equity ratio of 0.99.

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.