Canaccord Genuity Group Increases Blackline Safety (TSE:BLN) Price Target to C$8.50

Blackline Safety (TSE:BLN) had its price objective raised by equities researchers at Canaccord Genuity Group from C$8.00 to C$8.50 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 26.87% from the company’s previous close.

Blackline Safety Stock Down 2.6 %

Shares of BLN opened at C$6.70 on Thursday. The company has a debt-to-equity ratio of 23.58, a quick ratio of 3.09 and a current ratio of 1.97. Blackline Safety has a one year low of C$3.95 and a one year high of C$7.61. The stock has a market capitalization of C$564.96 million, a price-to-earnings ratio of -40.78 and a beta of 1.54. The stock has a 50 day moving average price of C$6.88 and a 200 day moving average price of C$6.58.

Insider Buying and Selling

In other Blackline Safety news, Director Robert Herdman sold 12,000 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of C$7.25, for a total value of C$87,000.00. 30.13% of the stock is owned by company insiders.

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.