Blackline Safety (CVE:BLN) Given a C$6.00 Price Target by TD Securities Analysts

TD Securities set a C$6.00 price objective on Blackline Safety (CVE:BLNGet Rating) in a research report sent to investors on Wednesday morning, BayStreet.CA reports. The brokerage currently has a speculative buy rating on the stock.

BLN has been the subject of a number of other research reports. Raymond James cut their price objective on shares of Blackline Safety from C$9.00 to C$6.00 and set an outperform rating for the company in a research report on Thursday, September 1st. Pi Financial cut their price objective on shares of Blackline Safety from C$7.50 to C$6.75 in a research report on Wednesday, August 31st.

Blackline Safety Price Performance

Shares of BLN opened at C$8.92 on Wednesday. The company has a market capitalization of C$484.79 million and a P/E ratio of -42.88. 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 firm has a 50 day moving average of C$8.92 and a 200 day moving average of C$8.92. Blackline Safety has a twelve month low of C$4.60 and a twelve month high of C$9.09.

Blackline Safety (CVE:BLNGet Rating) last announced its quarterly earnings results on Tuesday, June 14th. The company reported C($0.24) earnings per share for the quarter, missing the consensus estimate of C($0.18) by C($0.06). The company had revenue of C$16.67 million for the quarter, compared to the consensus estimate of C$18.11 million. As a group, equities research analysts anticipate that Blackline Safety will post -0.05 earnings per share for the current fiscal year.

About Blackline Safety

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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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