Lightspeed Commerce (TSE:LSPD) Price Target Lowered to C$30.00 at CIBC

Lightspeed Commerce (TSE:LSPD) had its target price decreased by CIBC from C$35.00 to C$30.00 in a research note issued to investors on Friday morning,BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Lightspeed Commerce Stock Performance

Shares of Lightspeed Commerce stock opened at C$18.76 on Friday. The company has a 50 day moving average of C$22.23 and a 200-day moving average of C$20.91. The company has a market cap of C$2.84 billion, a PE ratio of -14.00 and a beta of 2.69. The company has a current ratio of 6.19, a quick ratio of 6.05 and a debt-to-equity ratio of 0.99. Lightspeed Commerce has a 1-year low of C$16.04 and a 1-year 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.