Blackline Safety (TSE:BLN) Given New C$8.50 Price Target at Canaccord Genuity Group

by · The Cerbat Gem

Blackline Safety (TSE:BLN – Free Report) had its price objective increased by Canaccord Genuity Group from C$8.00 to C$8.50 in a report published on Thursday morning,BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

Blackline Safety Price Performance

Shares of Blackline Safety stock opened at C$6.88 on Thursday. The stock has a market cap of C$580.13 million, a P/E ratio of -41.87 and a beta of 1.54. The company has a debt-to-equity ratio of 23.58, a quick ratio of 3.09 and a current ratio of 1.97. The stock’s fifty day moving average is C$6.87 and its 200 day moving average is C$6.58. Blackline Safety has a one year low of C$3.95 and a one year high of C$7.61.

Insider Activity

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

Blackline Safety Company Profile

(Get Free Report)

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.

Read More