Blackline Safety Corp. (TSE:BLN) Given Average Recommendation of “Buy” by Analysts

Shares of Blackline Safety Corp. (TSE:BLN) have been assigned an average recommendation of “Buy” from the five brokerages that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$7.39.

A number of analysts have recently issued reports on the company. Canaccord Genuity Group raised their price objective on Blackline Safety from C$8.00 to C$8.50 and gave the company a “buy” rating in a research report on Thursday, March 13th. Ventum Financial raised their price target on Blackline Safety from C$7.75 to C$8.25 and gave the company a “buy” rating in a report on Thursday, March 13th.

Blackline Safety Trading Up 1.6 %

Shares of TSE:BLN opened at C$6.97 on Thursday. Blackline Safety has a 52-week low of C$3.95 and a 52-week high of C$7.61. 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 company has a market capitalization of C$587.72 million, a P/E ratio of -42.42 and a beta of 1.54. The company has a 50-day simple moving average of C$6.87 and a 200 day simple moving average of C$6.50.

Insider Transactions at Blackline Safety

In other news, Director Robert Herdman sold 6,000 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of C$6.69, for a total value of C$40,140.00. Insiders sold a total of 19,900 shares of company stock worth $140,212 over the last quarter. Company insiders own 30.13% of the company’s stock.

Blackline Safety Company Profile

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.