Blackline Safety (TSE:BLN) Price Target Raised to C$8.25

Blackline Safety (TSE:BLN) had its target price raised by Ventum Financial from C$7.75 to C$8.25 in a research report released on Thursday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Separately, Canaccord Genuity Group raised their price target on shares of Blackline Safety from C$8.00 to C$8.50 and gave the company a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Blackline Safety currently has an average rating of “Buy” and an average price target of C$7.39.

Blackline Safety Trading Down 2.6 %

BLN opened at C$6.70 on Thursday. Blackline Safety has a fifty-two week low of C$3.95 and a fifty-two week high of C$7.61. The firm has a market capitalization of C$564.96 million, a PE ratio of -40.78 and a beta of 1.54. The company has a debt-to-equity ratio of 23.58, a current ratio of 1.97 and a quick ratio of 3.09. The company’s 50-day moving average is C$6.87 and its 200 day moving average is C$6.55.

Insider Transactions at Blackline Safety

In other news, Director Robert Herdman sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of C$7.25, for a total transaction of C$87,000.00. 30.13% of the stock is currently owned by company insiders.

Blackline Safety Company Profile

Blackline Safety Corp is a connected safety monitoring technology company. It provides wearable safety technology, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and increase productivity of organizations with coverage in more than 100 countries.