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

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

Lightspeed Commerce Stock Up 4.0 %

LSPD opened at C$18.76 on Friday. The stock has a fifty day moving average of C$22.23 and a 200-day moving average of C$20.91. The company has a market capitalization of C$2.84 billion, a P/E ratio of -14.00 and a beta of 2.69. 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 quick ratio of 6.05 and a current ratio of 6.19.

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.