Lightspeed Commerce (TSE:LSPD) Given New C$30.00 Price Target at CIBC

Lightspeed Commerce (TSE:LSPD) had its price target lowered by CIBC from C$35.00 to C$30.00 in a report published on Friday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Lightspeed Commerce Stock Performance

Shares of TSE:LSPD opened at C$18.76 on Friday. 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 debt-to-equity ratio of 0.99, a current ratio of 6.19 and a quick ratio of 6.05. The company has a market capitalization of C$2.84 billion, a price-to-earnings 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.

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.