Brokerages Set Blackline Safety Corp. (TSE:BLN) Target Price at C$7.00

Shares of Blackline Safety Corp. (TSE:BLN) have received an average recommendation of “Buy” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$7.39.

Several research firms have commented on BLN. Canaccord Genuity Group boosted their price target on shares of Blackline Safety from C$8.00 to C$8.50 and gave the stock a “buy” rating in a report on Thursday, March 13th. Ventum Financial upped their target price on shares of Blackline Safety from C$7.75 to C$8.25 and gave the company a “buy” rating in a report on Thursday, March 13th.

Insider Activity

In related news, Director Robert Herdman sold 6,000 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of C$6.69, for a total value of C$40,140.00. In the last quarter, insiders sold 19,900 shares of company stock worth $140,212. Corporate insiders own 30.13% of the company’s stock.

Blackline Safety Stock Performance

TSE BLN opened at C$6.70 on Thursday. The company has a quick ratio of 3.09, a current ratio of 1.97 and a debt-to-equity ratio of 23.58. Blackline Safety has a 52 week low of C$3.95 and a 52 week high of C$7.61. The stock has a market capitalization of C$564.96 million, a PE ratio of -40.78 and a beta of 1.54. The firm has a 50 day moving average of C$6.87 and a two-hundred day moving average of C$6.51.

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.