Canaccord Genuity Group Forecasts Strong Price Appreciation for Blackline Safety (TSE:BLN) Stock

Blackline Safety (TSE:BLN) had its target price boosted by equities researchers at Canaccord Genuity Group from C$8.00 to C$8.50 in a report issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 26.87% from the stock’s previous close.

Blackline Safety Trading Down 2.6 %

Shares of TSE:BLN opened at C$6.70 on Thursday. Blackline Safety has a 12-month low of C$3.95 and a 12-month high of C$7.61. The company has a market capitalization of C$564.96 million, a PE ratio of -40.78 and a beta of 1.54. The business has a 50 day moving average of C$6.88 and a two-hundred day moving average of C$6.58. The company has a current ratio of 1.97, a quick ratio of 3.09 and a debt-to-equity ratio of 23.58.

Insider Buying and Selling at Blackline Safety

In other news, Director Robert Herdman sold 12,000 shares of the business’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 value of C$87,000.00. 30.13% of the stock is currently owned by corporate insiders.

About Blackline Safety

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.