Blackline Safety (CVE:BLN) Given a C$11.50 Price Target at Raymond James
Raymond James set a C$11.50 price objective on Blackline Safety (CVE:BLN) in a research report released on Friday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
A number of other brokerages also recently issued reports on BLN. TD Securities lowered their price target on Blackline Safety from C$12.50 to C$12.00 and set a speculative buy rating for the company in a report on Wednesday, October 20th. raised Blackline Safety from a hold rating to a buy rating in a report on Wednesday, October 20th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of Buy and a consensus price target of C$11.83.
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Shares of BLN opened at C$8.92 on Friday. The stock has a 50 day moving average price of C$8.92 and a 200 day moving average price of C$8.92. The company has a quick ratio of 3.09, a current ratio of 3.72 and a debt-to-equity ratio of 2.72. The company has a market capitalization of C$484.79 million and a price-to-earnings ratio of -42.88. Blackline Safety has a 52-week low of C$4.60 and a 52-week high of C$9.09.
In related news, insider DAK Capital Inc. purchased 49,300 shares of the business's stock in a transaction dated Monday, November 15th. The stock was acquired at an average price of C$6.90 per share, for a total transaction of C$340,165.07. Following the completion of the purchase, the insider now directly owns 12,334,164 shares of the company's stock, valued at C$85,104,498.18. Insiders have bought 53,300 shares of company stock valued at $366,796 in the last 90 days.
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.
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