Ventum Financial Increases Blackline Safety (TSE:BLN) Price Target to C$8.25

Blackline Safety (TSE:BLN) had its target price boosted by Ventum Financial from C$7.75 to C$8.25 in a report issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Ventum Financial’s price target would indicate a potential upside of 23.13% from the stock’s current price.

Separately, Canaccord Genuity Group increased their price objective on Blackline Safety from C$8.00 to C$8.50 and gave the company a “buy” rating in a report on Thursday. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$7.39.

Blackline Safety Trading Down 2.6 %

BLN opened at C$6.70 on Thursday. Blackline Safety has a one year low of C$3.95 and a one year high of C$7.61. The company has a market cap of C$564.96 million, a P/E ratio of -40.78 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 business’s 50-day simple moving average is C$6.88 and its 200-day simple moving average is C$6.58.

Insider Buying and Selling

In related news, Director Robert Herdman sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of C$7.25, for a total transaction of C$87,000.00. 30.13% of the stock is currently owned by company insiders.

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.