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

Blackline Safety (TSE:BLN) had its target price boosted by Raymond James from C$7.00 to C$8.00 in a report published on Thursday morning, BayStreet.CA reports.

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

Blackline Safety Price Performance

Shares of BLN opened at C$5.80 on Thursday. The firm has a market capitalization of C$473.69 million, a PE ratio of -25.22 and a beta of 1.51. The company’s 50-day moving average is C$8.11 and its 200-day moving average is C$8.64. Blackline Safety has a fifty-two week low of C$3.05 and a fifty-two week high of C$5.90. The company has a debt-to-equity ratio of 95.54, a current ratio of 1.49 and a quick ratio of 3.09.

About Blackline Safety

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.