JPMorgan Chase & Co. Cuts Lightspeed POS (TSE:LSPD) Price Target to C$37.00

Lightspeed POS (TSE:LSPD) had its price target cut by equities research analysts at JPMorgan Chase & Co. from C$41.00 to C$37.00 in a research report issued on Friday, BayStreet.CA reports. JPMorgan Chase & Co.‘s target price points to a potential upside of 20.56% from the company’s previous close.

A number of other equities research analysts have also issued reports on LSPD. BMO Capital Markets upped their target price on shares of Lightspeed POS from C$45.00 to C$52.00 in a research note on Monday, August 12th. CIBC upped their target price on shares of Lightspeed POS from C$27.00 to C$50.00 in a research note on Tuesday, July 30th. TD Securities upped their target price on shares of Lightspeed POS from C$29.00 to C$52.00 in a research note on Friday, August 9th. Raymond James upped their target price on shares of Lightspeed POS from C$33.00 to C$41.00 and gave the company a “market perform” rating in a research note on Friday, August 9th. Finally, National Bank Financial set a C$52.00 target price on shares of Lightspeed POS and gave the company an “outperform” rating in a research note on Friday, August 23rd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of C$43.86.

Shares of Lightspeed POS stock traded down C$0.85 during trading on Friday, reaching C$30.69. The company had a trading volume of 477,022 shares, compared to its average volume of 245,029. The company has a market cap of $2.79 billion and a price-to-earnings ratio of -7.79. The firm’s fifty day moving average is C$32.37 and its 200-day moving average is C$33.75. The company has a debt-to-equity ratio of 7.12, a quick ratio of 3.87 and a current ratio of 3.99. Lightspeed POS has a fifty-two week low of C$18.05 and a fifty-two week high of C$49.70.

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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Analyst Recommendations for Lightspeed POS (TSE:LSPD)

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