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

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

Other equities research analysts also recently issued reports about the stock. Ventum Financial lifted their target price on shares of Blackline Safety from C$6.50 to C$7.00 in a research report on Thursday, September 12th. National Bankshares lifted their target price on shares of Blackline Safety from C$6.00 to C$6.50 in a research report on Thursday, September 12th. Ventum Cap Mkts upgraded shares of Blackline Safety to a strong-buy rating in a research report on Wednesday, September 4th. ATB Capital lifted their target price on shares of Blackline Safety from C$6.00 to C$7.50 in a research report on Thursday, September 12th. Finally, 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 report on Friday, June 14th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Buy and a consensus target price of C$7.00.

Blackline Safety Stock Down 0.2 %

TSE:BLN opened at C$5.80 on Thursday. The firm’s 50 day simple moving average is C$8.11 and its 200 day simple moving average is C$8.64. 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 one year low of C$3.05 and a one year high of C$5.90. The company has a market cap of C$473.69 million, a PE 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.