Blackline Safety (TSE:BLN) Price Target Increased to C$7.50 by Analysts at ATB Capital

Blackline Safety (TSE:BLN) had its price target raised by equities researchers at ATB Capital from C$6.00 to C$7.50 in a research note issued to investors on Thursday, BayStreet.CA reports. ATB Capital’s price objective suggests a potential upside of 41.78% from the stock’s current price.

BLN has been the subject of a number of other reports. Ventum Financial raised their target price on Blackline Safety from C$6.50 to C$7.00 in a research note on Thursday. National Bankshares lifted their price target on shares of Blackline Safety from C$6.00 to C$6.50 in a report on Thursday. Ventum Cap Mkts raised shares of Blackline Safety to a “strong-buy” rating in a research report on Wednesday, September 4th. Canaccord Genuity Group upped 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 note on Friday, June 14th. Finally, TD Securities upped their price objective on shares of Blackline Safety from C$6.00 to C$7.50 in a report on Thursday. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Blackline Safety has an average rating of “Buy” and a consensus price target of C$6.80.

Blackline Safety Trading Up 5.0 %

TSE BLN traded up C$0.25 during mid-day trading on Thursday, reaching C$5.29. 491,697 shares of the stock were exchanged, compared to its average volume of 34,003. Blackline Safety has a one year low of C$2.77 and a one year high of C$5.41. The stock has a market cap of C$287.51 million and a P/E ratio of -25.43. The stock has a 50 day simple moving average of C$8.59 and a 200-day simple moving average of C$8.80. The company has a debt-to-equity ratio of 2.72, a current ratio of 3.72 and a quick ratio of 3.09.

Blackline Safety (TSE:BLN) last released its quarterly earnings data on Thursday, June 13th. The company reported C($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.02). The business had revenue of C$31.58 million for the quarter, compared to analyst estimates of C$30.62 million. On average, analysts anticipate that Blackline Safety will post -0.05 EPS for the current year.

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.