Raymond James Raises Blackline Safety (TSE:BLN) Price Target to C$8.00

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

A number of other equities analysts have also weighed in on BLN. TD Securities upped their target price on Blackline Safety from C$6.00 to C$7.50 in a research report on Thursday, September 12th. 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. Canaccord Genuity Group raised their price target on shares of Blackline Safety from C$5.25 to C$5.50 and gave the company a speculative buy rating in a research report on Friday, June 14th. 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. Finally, 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. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Blackline Safety currently has a consensus rating of Buy and a consensus price target of C$7.00.

Blackline Safety Stock Performance

Shares of Blackline Safety stock opened at C$5.80 on Thursday. The business has a 50-day simple moving average of C$8.11 and a 200 day simple moving average of C$8.64. Blackline Safety has a one year low of C$3.05 and a one year 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. The firm has a market capitalization of C$473.69 million, a price-to-earnings ratio of -25.22 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.