Blackline Safety (CVE:BLN) Price Target Cut to C$5.00 by Analysts at Canaccord Genuity Group

Blackline Safety (CVE:BLNGet Rating) had its price objective decreased by Canaccord Genuity Group from C$6.00 to C$5.00 in a research report report published on Thursday, BayStreet.CA reports.

BLN has been the subject of several other reports. Pi Financial lowered their price objective on Blackline Safety from C$7.50 to C$6.75 in a research report on Wednesday, August 31st. TD Securities set a C$6.00 price objective on Blackline Safety and gave the stock a speculative buy rating in a research report on Wednesday, September 7th. Finally, Raymond James lowered their price objective on 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.

Blackline Safety Stock Down 0.3 %

Shares of CVE:BLN opened at C$8.92 on Thursday. The firm has a market cap 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. Blackline Safety has a 12-month low of C$4.60 and a 12-month high of C$9.09. The business has a fifty day simple moving average of C$8.92 and a 200 day simple moving average of C$8.92.

Blackline Safety (CVE:BLNGet Rating) last announced its earnings results on Tuesday, June 14th. The company reported C($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.18) by C($0.06). The company had revenue of C$16.67 million during the quarter, compared to analyst estimates of C$18.11 million. Analysts predict that Blackline Safety will post -0.05 earnings per share for the current 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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