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

Blackline Safety (TSE:BLN) had its price target raised by equities research analysts at Raymond James from C$7.00 to C$8.00 in a research note issued to investors on Thursday, BayStreet.CA reports. Raymond James’ price objective would indicate a potential upside of 37.93% from the stock’s current price.

A number of other equities research analysts have also weighed in on BLN. ATB Capital lifted their price objective on Blackline Safety from C$6.00 to C$7.50 in a research report on Thursday, September 12th. Canaccord Genuity Group raised their target price on Blackline Safety from C$5.25 to C$5.50 and gave the company a “speculative buy” rating in a research note on Friday, June 14th. Ventum Cap Mkts upgraded Blackline Safety to a “strong-buy” rating in a research note on Wednesday, September 4th. National Bankshares raised their target price on Blackline Safety from C$6.00 to C$6.50 in a research note on Thursday, September 12th. Finally, TD Securities raised their target price on Blackline Safety from C$6.00 to C$7.50 in a research note on Thursday, September 12th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$7.00.

Blackline Safety Price Performance

BLN opened at C$5.80 on Thursday. The stock’s 50 day simple moving average is C$8.17 and its 200 day simple moving average is C$8.66. The company has a debt-to-equity ratio of 95.54, a current ratio of 1.49 and a quick ratio of 3.09. Blackline Safety has a 1 year low of C$3.05 and a 1 year high of C$5.90. The firm has a market cap of C$473.69 million, a price-to-earnings ratio of -24.78 and a beta of 1.51.

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.