TD Securities Issues Pessimistic Forecast for Lightspeed Commerce (TSE:LSPD) Stock Price

Lightspeed Commerce (TSE:LSPD) had its target price lowered by analysts at TD Securities from C$19.00 to C$13.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ target price indicates a potential downside of 30.15% from the company’s current price.

LSPD has been the topic of several other reports. Scotiabank dropped their target price on Lightspeed Commerce from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a research report on Friday. CIBC decreased their price target 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. Stifel Nicolaus lowered their price target on shares of Lightspeed Commerce from C$18.00 to C$15.00 and set a “hold” rating on the stock in a report on Friday. Finally, Raymond James lowered their price objective on Lightspeed Commerce from C$36.00 to C$29.00 and set an “outperform” rating on the stock in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$21.39.

Lightspeed Commerce Price Performance

Shares of TSE:LSPD traded up C$0.57 during trading hours on Friday, hitting C$18.61. 822,542 shares of the company’s stock traded hands, compared to its average volume of 595,726. The company has a market cap of C$2.82 billion, a price-to-earnings ratio of -13.89 and a beta of 2.69. The company has a debt-to-equity ratio of 0.99, a quick ratio of 6.05 and a current ratio of 6.19. The company’s fifty day simple moving average is C$22.23 and its two-hundred day simple moving average is C$20.91. Lightspeed Commerce has a 52 week low of C$16.04 and a 52 week high of C$26.60.

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.