TD Securities Boosts Blackline Safety (TSE:BLN) Price Target to C$7.50

Blackline Safety (TSE:BLN) had its price target boosted by TD Securities from C$6.00 to C$7.50 in a research report sent to investors on Thursday, BayStreet.CA reports.

Other equities research analysts also recently issued reports about the company. ATB Capital upped their price objective on Blackline Safety from C$5.50 to C$6.00 in a research report on Monday, June 17th. Ventum Cap Mkts raised Blackline Safety to a strong-buy rating in a research note on Wednesday, September 4th. Canaccord Genuity Group upped their target price on Blackline Safety from C$5.25 to C$5.50 and gave the company a speculative buy rating in a research note on Friday, June 14th. Ventum Financial increased their price objective on Blackline Safety from C$6.50 to C$7.00 in a research note on Thursday. Finally, National Bankshares set a C$6.00 price objective on Blackline Safety and gave the stock a buy rating in a research note on Thursday, June 13th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Buy and a consensus target price of C$6.80.

Blackline Safety Price Performance

TSE:BLN opened at C$5.31 on Thursday. 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 company has a market capitalization of C$288.59 million and a P/E ratio of -25.53. Blackline Safety has a 12 month low of C$2.77 and a 12 month high of C$5.50. The business’s 50-day moving average is C$8.44 and its 200 day moving average is C$8.75.

Blackline Safety (TSE:BLN) last issued its quarterly earnings data on Thursday, June 13th. The company reported C($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.02). The business had revenue of C$31.58 million during the quarter, compared to analyst estimates of C$30.62 million. On average, 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.