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

Shares of Blackline Safety Corp. (TSE:BLN) have earned a consensus recommendation of “Buy” from the five research firms that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$7.39.

A number of analysts have recently weighed in on the stock. Ventum Financial upped their price target on shares of Blackline Safety from C$7.75 to C$8.25 and gave the stock a “buy” rating in a report on Thursday, March 13th. Canaccord Genuity Group upped their target price on Blackline Safety from C$8.00 to C$8.50 and gave the stock a “buy” rating in a research note on Thursday, March 13th.

Insider Activity

In other news, Director Robert Herdman sold 6,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of C$6.69, for a total transaction of C$40,140.00. Over the last 90 days, insiders sold 19,900 shares of company stock valued at $140,212. Insiders own 30.13% of the company’s stock.

Blackline Safety Trading Up 1.6 %

BLN opened at C$6.97 on Thursday. Blackline Safety has a twelve month low of C$3.95 and a twelve month high of C$7.61. The company has a 50-day simple moving average of C$6.87 and a 200 day simple moving average of C$6.50. The company has a quick ratio of 3.09, a current ratio of 1.97 and a debt-to-equity ratio of 23.58. The stock has a market capitalization of C$587.72 million, a price-to-earnings ratio of -42.42 and a beta of 1.54.

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.