Blackline Safety (CVE:BLN) Given New C$6.00 Price Target at ATB Capital

Blackline Safety (CVE:BLN) had its price target boosted by ATB Capital from C$5.50 to C$6.00 in a research report report published on Monday, BayStreet.CA reports.

A number of other research analysts have also recently weighed in on the stock. Canaccord Genuity Group lifted their price objective on shares of Blackline Safety from C$5.25 to C$5.50 and gave the company a speculative buy rating in a report on Friday, June 14th. TD Securities boosted their target price on shares of Blackline Safety from C$5.50 to C$6.00 and gave the stock a sector perform rating in a research note on Monday, March 18th. Finally, National Bankshares set a C$6.00 target price on shares of Blackline Safety and gave the stock a buy rating in a research note on Thursday, June 13th.

Blackline Safety Trading Down 0.3 %

CVE BLN opened at C$8.92 on Monday. The company has a market capitalization of C$484.79 million and a PE ratio of -42.88. The company has a fifty day moving average of C$8.92 and a 200 day moving average of C$8.92. Blackline Safety has a 1 year low of C$4.60 and a 1 year high of C$9.09. The company has a debt-to-equity ratio of 2.72, a current ratio of 3.72 and a quick ratio of 3.09.

Blackline Safety (CVE:BLN) last released 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 business had revenue of C$31.58 million for the quarter, compared to the consensus estimate of C$30.62 million. Research analysts forecast that Blackline Safety will post -0.05 earnings per share for the current year.

About Blackline Safety

Blackline Safety Corp., a global connected safety technology company, develops, manufactures, and markets worker safety monitoring products and services in Canada, the United States, Europe, Australia, New Zealand, and internationally. The company offers connected safety devices, including G7c, a safety wearable for indoor and outdoor locations covered by 3G wireless; G7x, a safety wearable for remote locations; G7 EXO, a cloud connected area monitor; G7 Dock, an accessory product used to calibrate G7c and G7x devices; standard cartridge for lone worker monitoring; diffusion cartridge for gas detection; pump cartridge for confined space entry and leak check gas detection services; and cloud-connected sensors that helps to customize gas detectors at work environments, as well as automated industrial contact tracing solutions.