Blackline Safety (TSE:BLN) PT Raised to C$7.00 at Ventum Financial

Blackline Safety (TSE:BLN) had its target price boosted by investment analysts at Ventum Financial from C$6.50 to C$7.00 in a note issued to investors on Thursday, BayStreet.CA reports. Ventum Financial’s target price would suggest a potential upside of 31.83% from the company’s current price.

A number of other equities research analysts have also weighed in on BLN. National Bankshares set a C$6.00 target price on shares of Blackline Safety and gave the stock a “buy” rating in a report on Thursday, June 13th. ATB Capital boosted their target price on shares of Blackline Safety from C$5.50 to C$6.00 in a research report on Monday, June 17th. Ventum Cap Mkts upgraded shares of Blackline Safety to a “strong-buy” rating in a research report on Wednesday, September 4th. Finally, Canaccord Genuity Group boosted their target price 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. One 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 stock has an average rating of “Buy” and a consensus target price of C$6.80.

Blackline Safety Trading Up 0.6 %

Shares of Blackline Safety stock opened at C$5.31 on Thursday. The firm has a market capitalization of C$288.59 million and a PE ratio of -25.53. The company has a current ratio of 3.72, a quick ratio of 3.09 and a debt-to-equity ratio of 2.72. The firm’s 50 day moving average is C$8.44 and its 200 day moving average is C$8.75. Blackline Safety has a 1 year low of C$2.77 and a 1 year high of C$5.50.

Blackline Safety (TSE:BLN) last posted its earnings results on Thursday, June 13th. The company reported C($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.02). The business had revenue of C$31.58 million for the quarter, compared to analysts’ expectations of C$30.62 million. Equities research analysts forecast that Blackline Safety will post -0.05 earnings per share for the current fiscal year.

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.