Lightspeed POS (TSE:LSPD) Price Target Cut to C$25.00

Lightspeed POS (TSE:LSPD) had its price objective lowered by Scotiabank from C$45.00 to C$25.00 in a research note released on Monday morning, BayStreet.CA reports.

A number of other equities analysts have also recently commented on the company. TD Securities raised their target price on Lightspeed POS from C$40.00 to C$53.00 in a report on Friday, January 10th. Raymond James upgraded Lightspeed POS from a market perform rating to an outperform rating and lowered their target price for the company from C$44.00 to C$35.00 in a report on Friday, March 13th. National Bank Financial set a C$52.00 target price on Lightspeed POS and gave the company an outperform rating in a report on Friday, February 28th. Finally, Pi Financial lowered their target price on Lightspeed POS from C$49.00 to C$40.00 and set a buy rating for the company in a report on Thursday, March 19th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Lightspeed POS presently has an average rating of Buy and a consensus target price of C$39.11.

TSE LSPD opened at C$23.75 on Monday. The stock has a market cap of $1.46 billion and a PE ratio of -13.50. The company has a current ratio of 2.25, a quick ratio of 2.12 and a debt-to-equity ratio of 8.06. Lightspeed POS has a twelve month low of C$10.50 and a twelve month high of C$49.70. The stock has a fifty day simple moving average of C$29.92 and a 200-day simple moving average of C$33.88.

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.

Further Reading: What is the Beige Book?

Analyst Recommendations for Lightspeed POS (TSE:LSPD)

Receive News & Ratings for Lightspeed POS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lightspeed POS and related companies with MarketBeat.com's FREE daily email newsletter.