Blackline Safety (TSE:BLN) Price Target Raised to C$8.00

Blackline Safety (TSE:BLN) had its price objective hoisted by Raymond James from C$7.00 to C$8.00 in a research note released on Thursday, BayStreet.CA reports.

Several other equities analysts have also weighed in on the stock. Ventum Financial increased their price objective on shares of Blackline Safety from C$6.50 to C$7.00 in a report on Thursday, September 12th. ATB Capital raised their price target on Blackline Safety from C$6.00 to C$7.50 in a research report on Thursday, September 12th. Canaccord Genuity Group upped their price objective on Blackline Safety from C$5.25 to C$5.50 and gave the company a speculative buy rating in a report on Friday, June 14th. TD Securities raised their target price on Blackline Safety from C$6.00 to C$7.50 in a report on Thursday, September 12th. Finally, Ventum Cap Mkts raised Blackline Safety to a strong-buy rating in a research note on Wednesday, September 4th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Buy and an average target price of C$7.00.

Blackline Safety Stock Performance

Blackline Safety stock opened at C$5.81 on Thursday. The company has a market cap of C$474.50 million, a PE ratio of -24.83 and a beta of 1.51. The company has a current ratio of 1.49, a quick ratio of 3.09 and a debt-to-equity ratio of 95.54. Blackline Safety has a 1 year low of C$3.05 and a 1 year high of C$5.83. The company’s 50-day moving average is C$8.24 and its two-hundred day moving average is C$8.68.

Blackline Safety Company Profile

Blackline Safety Corp. develops, manufactures, and markets worker safety monitoring products and services in Canada, the United States, Europe, and internationally. It offers G6 zero-maintenance single-gas cloud-connected gas monitors, G7c safety wearable for indoor and outdoor locations covered by 4G wireless, G7x safety wearable for remote locations, and G7 EXO area gas monitors; field-replaceable cartridges; G7 Bridge, a portable satellite base station; G7 Dock and G6 Dock; accessories used to calibrate G6, G7c, and G7x devices; and Loner Mobile, a safety monitoring application for smartphones.