Raymond James Raises Black Line Safety (TSE:BLN) Price Target to $8.00

Blackline Safety (TSE:BLN – Get Free Report) had its price target boosted by equities researchers at Raymond James from $7.00 to $8.00 in a report issued on Thursday, BayStreet.CA reports. Raymond James’ price target indicates a potential upside of 40.11% from the stock’s previous close.

BLN has been the subject of a number of other reports. TD Securities boosted their price target on Blackline Safety from $6.00 to $7.50 in a report on Thursday, September 12th. Ventum Cap Mkts upgraded Blackline Safety to a “strong-buy” rating in a report on Wednesday, September 4th. ATB Capital boosted their price target on Blackline Safety from $6.00 to $7.50 in a report on Thursday, September 12th. National Bankshares upped their target price on Blackline Safety from $6.00 to $6.50 in a report on Thursday, September 12th. Finally, Canaccord Genuity Group boosted their price target on Blackline Safety from $5.25 to $5.50 and gave the company a “speculative buy” rating in a report on Friday, June 14th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Blackline Safety has an average rating of “Buy” and a consensus price target of $7.00, according to MarketBeat.com.

Check out our latest report on BLN

Blackline Safety trading up 4.0%

Shares of TSE BLN traded up $0.22 during midday trading on Thursday, reaching $5.71. 326,501 shares of the company’s stock were exchanged, compared to its average volume of 37,531. The firm has a market cap of $466.34 million, a price-to-earnings ratio of -24.83 and a beta of 1.51. The company has a debt-to-equity ratio of 95.54, a quick ratio of 3.09, and a current ratio of 1.49. Blackline Safety has a 52-week low of $3.05 and a 52-week high of $5.75. The company’s 50-day moving average is $8.24 and its 200-day moving average is $8.68.

About Blackline Safety

(Get a free report)

Blackline Safety Corp. develops, manufactures and markets worker safety monitoring products and services in Canada, the United States, Europe and internationally. Offers maintenance-free, cloud-connected, single-gas G6 gas monitors, G7c safety devices for indoor and outdoor locations covered by 4G wireless, G7x safety devices for remote locations, and G7 EXO gas monitors; Field replaceable cartridges; G7 Bridge, a portable satellite base station; G7 Dock and G6 Dock; accessories used to calibrate the G6, G7c and G7x devices; and Loner Mobile, a safety monitoring app for smartphones.

Further reading

Get news and reviews for Blackline Safety Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Blackline Safety and related companies with MarketBeat.com ‘s FREE daily email newsletter.