Raymond James Boosts Blackline Safety (TSE:BLN) Price Target to C$8.00

Blackline Safety (TSE:BLN - Get Free Report) had its price target boosted by research analysts at Raymond James from C$7.00 to C$8.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. Raymond James' target price suggests a potential upside of 37.69% from the stock's previous close.

Several other analysts also recently weighed in on the company. Canaccord Genuity Group lifted their target price on Blackline Safety from C$5.25 to C$5.50 and gave the stock a "speculative buy" rating in a research report on Friday, June 14th. National Bankshares lifted their price target on shares of Blackline Safety from C$6.00 to C$6.50 in a research note on Thursday, September 12th. Ventum Financial increased their price objective on Blackline Safety from C$6.50 to C$7.00 in a research note on Thursday, September 12th. Ventum Cap Mkts raised Blackline Safety to a "strong-buy" rating in a research report on Wednesday, September 4th. Finally, ATB Capital increased their price target on Blackline Safety from C$6.00 to C$7.50 in a research report on Thursday, September 12th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Blackline Safety presently has an average rating of "Buy" and an average target price of C$7.00.

Blackline Safety Trading Up 5.8 %

Shares of TSE:BLN traded up C$0.32 during trading hours on Thursday, hitting C$5.81. 496,002 shares of the company's stock traded hands, compared to its average volume of 38,462. The company has a debt-to-equity ratio of 95.54, a current ratio of 1.49 and a quick ratio of 3.09. The business has a fifty day moving average price of C$8.24 and a 200-day moving average price of C$8.68. Blackline Safety has a 1 year low of C$3.05 and a 1 year high of C$5.83. The firm has a market capitalization of C$474.50 million, a P/E ratio of -24.83 and a beta of 1.51.

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.