Lightspeed POS (TSE:LSPD) had its target price raised by equities research analysts at BMO Capital Markets from C$29.00 to C$45.00 in a research report issued on Tuesday, BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 14.97% from the company’s previous close.
Several other brokerages have also weighed in on LSPD. KeyCorp reaffirmed an “overweight” rating and set a C$45.00 price objective on shares of Lightspeed POS in a research report on Tuesday, July 30th. TD Securities raised their price objective on shares of Lightspeed POS from C$28.00 to C$29.00 and gave the company a “buy” rating in a research report on Friday, May 31st. CIBC raised their price objective on shares of Lightspeed POS from C$27.00 to C$50.00 in a research report on Tuesday, July 30th. National Bank Financial increased their price target on Lightspeed POS from C$30.00 to C$40.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, Raymond James reiterated a “market perform” rating and set a C$33.00 price target on shares of Lightspeed POS in a report on Monday, July 8th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of C$37.71.
LSPD traded down C$0.96 during midday trading on Tuesday, hitting C$39.14. 167,197 shares of the company’s stock traded hands, compared to its average volume of 172,431. The stock has a market capitalization of $3.25 billion and a P/E ratio of -7.08. The company’s fifty day moving average price is C$37.72. Lightspeed POS has a one year low of C$18.05 and a one year high of C$43.11.
About Lightspeed POS
Lightspeed POS Inc, a commerce-enabling software company, primarily sells software as a service to retailers, restaurants, and e-commerce companies. The company's commerce platform enables the handling of point of sale and omnichannel transactions, as well as the management of inventory, customer preferences, sales, and analytics.
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