ATB Capital Increases Blackline Safety (TSE:BLN) Price Target to C$7.50

Blackline Safety (TSE:BLN - Get Free Report) had its price target boosted by equities researchers at ATB Capital from C$6.00 to C$7.50 in a research note issued to investors on Thursday, BayStreet.CA reports. ATB Capital's target price indicates a potential upside of 42.05% from the company's current price.

A number of other equities analysts have also commented on BLN. Canaccord Genuity Group lifted their price objective on Blackline Safety from C$5.25 to C$5.50 and gave the stock a "speculative buy" rating in a research note on Friday, June 14th. TD Securities boosted their price target on shares of Blackline Safety from C$6.00 to C$7.50 in a research report on Thursday. Ventum Cap Mkts upgraded shares of Blackline Safety to a "strong-buy" rating in a research report on Wednesday, September 4th. Ventum Financial lifted their target price on shares of Blackline Safety from C$6.50 to C$7.00 in a research note on Thursday. Finally, National Bankshares upped their price target on shares of Blackline Safety from C$6.00 to C$6.50 in a research report on Thursday. One equities research 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 company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of C$6.80.

Blackline Safety Price Performance

Shares of BLN stock traded up C$0.24 on Thursday, reaching C$5.28. The company had a trading volume of 545,446 shares, compared to its average volume of 34,307. The business's 50-day moving average is C$8.52 and its 200 day moving average is C$8.78. The stock has a market capitalization of C$286.96 million and a PE ratio of -25.38. Blackline Safety has a one year low of C$2.77 and a one year high of C$5.41. The company has a quick ratio of 3.09, a current ratio of 3.72 and a debt-to-equity ratio of 2.72.

Blackline Safety (TSE:BLN - Get Free Report) last posted its quarterly earnings data 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 company had revenue of C$31.58 million during the quarter, compared to analyst estimates of C$30.62 million. Equities research analysts forecast that Blackline Safety will post -0.05 EPS 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.